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No. of Recommendations: 6
Just to remind everyone about last quarter. It was a Thursday afternoon and Cree beat expectations by a few cents, the conference call was strong, and the overall numbers going foward were strong, but the overall market was weak. The next day CREE held even for most of the day then ended up dropping 15%. Just remember that the matter how good the earnings are (and my opinion based on revenue growth and profit margin will put the number at .30 or .31 cents) the overall market could act negative and drag CREE with it. Let's not forget to just buy great companies at good prices and hold them and let your money work for itself.
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