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No. of Recommendations: 9
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


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