Denver--I guess that's why there are so many buyers of Sept CREE calls between the prices of $62.50-$72.50 today. A whole bunch of people think CREE's going up a bunch soon. Look at the prices of $70 and $72.50 calls out in Dec and January. People willing to put good money down on the fact that CREE is going MUCH HIGHER. Maybe they know something. What do you think?
I think CREE is going much higher, but cannot predict the timing. I have held CREE for a long time. Swoboda has given conservative guidance in the past and beaten it handily. I think it will occur again. BTW, a decline in the PPS does present an opportunity for insiders to get option grants at a very favorable price. I do think I have seen that in the past also.
No Yahoo isn't up to date, atto. CREE's better than "rapidly growing". Their only issue currently is that they can't deliver as many LED bulbs as their primary retail customer and the market wants and needs. BUT, soon they will have lead times that are 50% of what they are today, and the inventories in stores will expand and the profits at CREE will EXPLODE. Use your brain. Nobody wants to buy "cheap" LEDs, they want to buy what's most efficient and what lasts. CREE IS THE LEADER, regardless of what you think or your agenda.