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Thursday, 22 January 2004
January 22, 2004 "Update on Cree (CREE)"
Hello Friends! I apologize for being away from my site this past week. Was out of town....and away from my computer. You KNOW I was suffering from withdrawal! I look forward to scanning those greatest movers each day....and now that I have received a couple of emails from all of you, I know there are even visitors at this website! As always, please remember to do your own due diligence before making any purchases based on information on this website!

On January 16, 2004, I posted an entry on Cree, Inc., indicating that I purchased some shares. Indeed, in my trading account, I purchased 200 shares of Cree, Inc. (CREE) at $25.087. CREE closed yesterday, 1/22/04, at $28.74 so that was a timely purchase!

Frankly, I thought I had posted information on this website about CREE earlier. Indeed, I first posted on CREE on September 25, 2003 when it was trading at $22.16. You can read more about this semiconductor stock by clicking on this link.

What drove CREE higher, was a second quarter earnings report that was released on January 15th, the day before I made a purchase on the stock price spike. During the quarter ended December 28, 2003, CREE earned $13 million or $.17/share up sharply from $9 million or $.12/share the year earlier. Sales also rose 28% to $72.7 million from $56.7 million last year. I often find stocks with price spikes, as would make sense, after good earnings report....and this IS the earnings season.

Anyhow, I am back in business, and wanted to let you know that BOBSADVICE was still cranking! Thanks again for stopping by! If you have any questions, comments, or words of encouragement...please feel free to post them here or email me at bobsadviceforstocks@lycos.com

(p.s. I will get to work on CDCY ASAP..which is not yet doing quite as well as CREE....down about 4% since my purchase!).

Regards again!

Bob


Posted by bobsadviceforstocks at 8:19 AM CST | Post Comment | Permalink

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