The conference call was excellent. Financial numbers met expectations. Forecast was positive but not overdone as the introduction of the incandescent replacements has just begun. They are getting manufacturing scale while spending less on capital investment than last year. Who knows why the afterhours price went down. 1. Thin trading? 2. someone who thinks they can paint the tape for tomorrow? I predict upgrades instead.
Sorry, you are short CREE... its not down so much ... it was right here on Mon... most of the float is in strong hands ... if you are short, you'll have to be extremely nimble here. If you hang around too long, big-boys will take you to the cleaner ... watch and learn!
n59 they simply do not earn enough money to justify these multiples and growth is only in-line. The stock will retreat back for a number of months until they show they can make more money and that is the truth.