kertch

Cree's South Korean LED Deal Highlights Potential

I have following CREE for probably 15 years now. I am intimately aquainted with thier management and technology. If you want a good idea about what CREE will do in the future look at it's chart from 2001 to today. It's a great stock to trade but a poor one to invest in. Rumors about aquisition have been around for the last decade, as have those about the comming boom in LED lighting. It's also one of the most "playable" stocks by traders, who often hold large short positions when the stock goes above $32, causing the occasional short squeeze (this is what happened in Dec. 2005 when the stock broke $40). It's great one to make money on - as long as you know when to buy and when to sell.