Market Summary
| Dow |
12986.80 |
-5.86 |
(-0.05%) |
| Nasdaq |
2528.85 |
-4.88 |
(-0.19%) |
| Russell 2K |
741.17 |
-2.21 |
(-0.30%) |
| S&P 500 |
1425.35 |
+1.78 |
(+0.13%) |
| S&P 100 |
652.15 |
-0.23 |
(-0.04%) |
| Quotes are delayed 20 minutes. |
Current Targets and Stops
| Symbol |
Picked |
ST |
SSL |
| AAPL |
$93.00 |
$225.00 |
$175.00 |
| CPNE |
$0.50 |
$4.50 |
$1.45 |
| CREE |
$25.00 |
$50.00 |
$23.00 |
| EFSF |
$0.18 |
$0.50 |
$0.16 |
| NIHK |
$0.04 |
$0.13 |
$0.08 |
| PNWIF |
$1.80 |
$6.00 |
$3.00 |
| QID |
$38.67 |
$42.19 |
$35.00 |
| SPKL |
$0.69 |
$2.00 |
$0.90 |
| TCGD |
$0.87 |
$2.00 |
$0.65 |
| TTGL |
$0.84 |
$3.00 |
$1.73 |
ST Denotes Suggested Target.
SSL Denotes Suggested Stop Loss.
 Free Annual Reports
Current Covered Companies
OTC Blog
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| May 2008 |
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Company
Quote Data : Cree Inc (CREE)
| Last Trade: |
25.8900 |
| Last Size: |
0 |
| Trade Time: |
00:00 |
| Change: |
+0.0000 (+0.00%)
|
| Prev Close: |
25.8900 |
| Open: |
0.0000 |
| Volume: |
0 |
|
|
|
| Bid: |
0.0000 |
| Ask: |
0.0000 |
| Bid x Ask Size: |
0x0 |
| Day's Range: |
0.00 - 0.00 |
| 52wk Range: |
18.65 - 35.50 |
| P/E (ttm): |
71.9 |
| EPS (ttm): |
0.36 |
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Yahoo! Chart - SEC Filings
Insider Transactions - Balance Sheet |
Business Summary
Cree, Inc. develops and manufactures semiconductor materials and devices primarily based on silicon carbide (SiC), gallium nitride (GaN), and related compounds. The company produces light emitting diodes (LEDs), SiC and GaN material products, and high-power products using its SiC and GaN materials. Its LED chip products include blue and green devices made from GaN and related materials grown on SiC substrates. These LEDs are electronic components that are used in various applications, including backlighting for mobile products, automotive interior lighting, electronic displays, gaming equipment, consumer products, and other electronic equipment. Cree's high brightness packaged LEDs comprise high brightness LEDs for lighting applications and surface mount devices; and through-hole LEDs for signage, gaming, and other applications. The company's materials products consist of SiC and GaN wafer and epitaxy products, which are used to manufacture products for optoelectronic, microwave, and power switching applications, as well as bulk SiC materials used for gemstone applications. Its high-power products comprise SiC power devices, which are used in power conditioning and power switching in power supplies and motor control applications; and RF and microwave devices. Further, Cree provides foundry services for wide bandgap monolithic microwave integrated circuits that are used in various wide bandwidth communications applications, high-power radar amplifiers, electronic warfare, and wireless infrastructure. The company markets its LED products to customers who incorporate them into packaged lamps for resale to original equipment manufacturers and in packaged products; and SiC and GaN materials products to corporate, government, and university research laboratories. It sells its products primarily in Japan, Malaysia, Hong Kong, Korea, Taiwan, Europe, China, and the United States. The company was founded in 1987 and is headquartered in Durham, North Carolina.
Latest Newsletter Editions
Fri, Apr 25, 2008 @ 08:04 am
Comments in the BLOG This week's BLOG entries were all about CREE (NASDAQ: CREE). Those who have been following my commentary on CREE should recall I have been suggesting owning this one at about the $26 level. Above $30, in this market environment, I would suggest selling covered calls, which is a...
Sun, Feb 10, 2008 @ 07:02 am
The Teeth of a Bear Here's a new flash- yes, we are in a Bear Market. This is a market environment characterized by a general decline in stock valuations, lower volumes, and fears of deteriorating economic conditions. How long will it last? Typically, these Bear Market corrections last somewhere in...
Wed, Oct 3, 2007 @ 07:10 pm
Comments in the BLOG Lots of folks have been asking for my view on a favorable entry level for SPKL- I posted a BLOG yesterday with my thoughts. The BLOG is your opportunity to ask questions and offer comments. I will make an effort to answer every legitimate question. If I don't know the answer, I...
Sat, Aug 25, 2007 @ 11:08 am
Cree (NASDAQ: CREE): Truly Transformational Technology I have always preferred the microcap arena where I believe my ideas have more value- you can find hundreds of different opinions on AAPL. There was far less information easily available on CPNE a year ago at $.50, or PNWIF a year ago at $1.80. I...
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Latest Blog Entries
Mon, Apr 28, 2008 @ 10:25 am
FYI- for all those who are following the situation- I bounced out of my CREE options today with about a $1,000 profit on a $5,000 investment in 3 trading days. I am still holding the common. In short, the oversold bounce back trade worked, and I like to jump on the profits in these options [...]
Wed, Apr 23, 2008 @ 09:39 am
CREE came out with Q1 earnings yesterday after the bell, and the stock is getting killed on the market’s disappointment.
CREE delivered $.07 when the market was looking for $.11. Naturally, the stock is getting murdered.
If you read my March 5th BLOG, you will note I advised the time to really load up would be between [...]
Wed, Apr 23, 2008 @ 07:47 am
CREE got beat up on a disappointing earnings report. I am pouncing on the stock today as it has fallen back to the perfect technical level in my view.
So far, I have bought 1,000 shares of common stock and 25 call options. More, including chart, in about one hour.
Tue, Mar 25, 2008 @ 10:40 am
This will be the first in a new series of daily blogs with some observations about today’s market action, especially as it applies to the current ideas I have in front of subscribers.
Open LEH Puts:
Well, the trade is working well so far. Earlier today I was up $2k on an $8k investment from last Friday, [...]
Wed, Mar 5, 2008 @ 12:43 pm
I published a brief Blog yesterday so everyone would know I jumped into CREE as it finally fell below the $30 level I’ve been patiently waiting for.
I fully expect CREE to be a $50 stock in the not too distant future- perhaps within a year or even less. The LED bulb is going to slowly [...]
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Disclosure
Disclaimer:
The OTC Journal has not been compensated for coverage of Cree, Inc. However, the Editor of the OTC Journal has purchased 1,000 shares of CREE in the open market at an average cost of $28.63 per share.
Current Position as of 05/09/08:
1,000 Shares
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Recent News Headlines
Thu, 15 May 2008 13:00:00 Etc/GMT DURHAM, N.C., May 15, 2008 -- Cree, Inc. , a market-leading innovator of lighting-class LEDs, LED lighting retrofit solutions, and semiconductor solutions for backlighting, wireless and power applications, today announced that its board of directors approved the extension of the company's stock repurchase program through the fiscal year ending June 28, 2009. Tue, 13 May 2008 15:45:34 Etc/GMT Mon, 12 May 2008 14:50:02 Etc/GMT Fri, 9 May 2008 11:08:31 Etc/GMT Wed, 7 May 2008 22:43:39 Etc/GMT Thu, 1 May 2008 13:04:30 Etc/GMT Sun, 27 Apr 2008 07:01:46 Etc/GMT Thu, 24 Apr 2008 19:15:50 Etc/GMT Thu, 24 Apr 2008 18:50:55 Etc/GMT The LED market is hot in our opinion, and the LLF acquisition opens up a new opportunity. Thu, 24 Apr 2008 18:23:22 Etc/GMT Thu, 24 Apr 2008 16:00:59 Etc/GMT Thu, 24 Apr 2008 00:18:00 Etc/GMT Shares of chip maker Cree Inc. plunged Wednesday after it said its fiscal third-quarter profit tumbled 73 percent and offered a disappointing fourth-quarter sales forecast. Wed, 23 Apr 2008 22:59:08 Etc/GMT Shares of Steel Dynamics Inc. fell Wednesday after an analyst downgraded the stock to "Hold" from "Buy," saying he thinks the shares -- which are up 25 percent since the start of the year -- have gotten too expensive. Wed, 23 Apr 2008 18:48:22 Etc/GMT Wed, 23 Apr 2008 17:23:00 Etc/GMT Wed, 23 Apr 2008 02:20:09 Etc/GMT Tue, 22 Apr 2008 23:09:44 Etc/GMT Wyeth topped first-quarter expectations, despite generic competition cutting into its sales of heartburn drug Protonix, and said Tuesday it is on track to meet full-year projections. Tue, 22 Apr 2008 23:05:13 Etc/GMT Among the earnings projection stories for Tuesday, April 22, from AP Financial News: IRVINE, Calif. -- Edwards Lifesciences Corp., which makes heart valves and other cardiovascular products, said Tuesday it is raising its full-year profit and sales outlook. Tue, 22 Apr 2008 22:14:00 Etc/GMT Tue, 22 Apr 2008 21:16:02 Etc/GMT Semiconductor maker Cree Inc. on Tuesday offered fiscal fourth-quarter guidance that disappointed investors, sending shares down after hours.
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Latest Blog Entries
Fri, May 16, 2008 @ 06:38 am
I’m travelling today and already late for my first meeting, so I can’t give you any real feedback on the NIHK quarterly report.
However, it shouldn’t be that complicated. Revenues are way up, and losses are down. One of the biggest expenses now is dividends on preferred- which is being paid in shares- this could represent [...]
Thu, May 15, 2008 @ 07:59 am
Here’s my short term trading idea- time to go short.
The larger market has been chugging up the charts relentlessly, all fear virtually gone. This is not an environment that lends itself to no risk in the market.
The VIX - the measure of levels of fear in the markets, has all but disappeared. Remember, I wrote [...]
Tue, May 13, 2008 @ 09:50 am
SPKL filed its Q1 10Q yesterday afternoon, and the filing really contained no surprises. The market is responding in kind my delivering another quiet day of trading with the stock still trying to get through the $.90 and stick higher than that level.
The top line number was $625k in revs- up from $221k in the [...]
Recent Newsletter Editions
Sat, May 17, 2008 @ 11:59 am
Comments in the BLOG There two comments from this past week of note- I blogged a quick presentation on a heavy market, which I'm going to expand on in today's edition, and a couple of paragraphs on Nighthawk's (OTC BB: NIHK) Q1 quarterly report. Before the end of the weekend, I'll deliver an expanded...
Tue, May 13, 2008 @ 07:47 am
eFood Update: IP Plentiful- Sales "Moderate" After reading today's rather comprehensive update from eFoodSafety, one word popped into my head- Truthful- this is probably a darn good 25,000 foot view of where the company is in the process of commercializing it's IP (Intellectual Property) portfolio...
Fri, May 9, 2008 @ 03:19 pm
When Main Street and Wall Street Diverge Main Street and Wall Street are clearly out of sync right now. Large cap and big momentum stocks have come back beautifully since the massive Q1 drubbing, but small stocks are still trading in a virtual coma- we're just not seeing the kinds of volumes we need...
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