Hi Stocksmith, Been watching Cree several months and looked at the annual report last week. Interestingly, they comment that their lights are not "as bright as competitors" and some of the lights are "as bright as competitors". I took this as less than compelling. Also, Value Line gives a good chance for the stock to test its low 12ish. So, I will keep my powder dry a while longer. David Dreman made a comment in his book that when favorite stops take a big hit, there is a good chance to buy within 90 days, at an even lower price.