The Motley Fool Discussion Boards

Previous Page

Stocks W / Wolfspeed

URL:  https://boards.fool.com/institutional-buys-13065010.aspx

Subject:  Institutional Buys Date:  8/4/2000  12:49 AM
Author:  stooge9 Number:  3163 of 41740

Hi, board.
I've been following this board actively lately with the recent drops in CREE's share value. Thanks to everyone for their contributions.

On the subject of Accum/Dist., I would like to share some records I've been keeping of CREE's monthly institutional purchases, as reported every 2nd Friday by IBD. *HOWEVER, these are only the buys of institutional funds they have ranked as A+, A, or A- (ie., only "the very best".).

My records go back to Nov. '99.

Date/# of Institutions buying/$Millions invested:
11/12/99 - 4 Inst./$23 Mil.
12/10/99 - 6 Inst./$50 Mil.
01/14/00 - 8 Inst./$57 Mil.
02/11/00 - 10 Inst./$234 Mil.
03/10/00 - 21 Inst./$563 Mil.
04/14/00 - 12 Inst./$163 Mil.
05/12/00 - 12 Inst./$194 Mil.
06/16/00 - 18 Inst./$488 Mil.
07/14/00 - 20 Inst./$526 Mil.

As you can see, these purchases, by the best funds, were near their highs (all-time highs, no doubt) going into last month. By this track record, CREE had been doing quite well in early summer.
But they have had an "E" for A/D from IBD for a few weeks now, I think. So, I won't draw any conclusions now, but will be watching for next Friday's update from IBD. Weighed against this track record, those #'s should be telling.

stooge9



Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us