Please, do not tell any one that this P.O.S will rebound on Thursday. This will rebound only when management get rid of the CEO. The stock lost 25% and no comments from this guy.CREE is dead for good after this break down. This cmpany has bad history with investors and no one will trust it again. only way is to get rid of management.
Net income up 42% and stock dropped 20% to $60 in premarket from $75 on very low volume. Majority of shares bought today (22 million, or $1.3 billion worth) held the price between $58.50 and $60. This was a clear buying opportunity and large funds loaded. Which one do you work for? My prediction is price will be back to $70 this time next week.