Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
May I interject here?

This is mainly for new investors to Cree.

I bought into Cree back in July when it was at it's all time high of 80 (pre-split) and proceeded to watch it plummet to nearly half that in about 3 weeks. Needless to say I was not feeling well about Cree. It was only my second stock purchase ever and I had lost at least 40% of my initial investment capital in less than a month. Ugh! Well, at about that time I got introduced to the Fool8 board and through posts here and my own research, I decided that I'd just give it some time to recover and see what happens. I couldn't have done much worse anyway(I thought). 4 months later I was up over %100 . Nearly %250 from the low it hit in August. Dumb me sold out over half of my position at about 57 and I am REALLY hoping to get it back here at these levels.

So to make a long story longer. If you are excited about Cree and it's potential than stick it out. If you have a weak stomach and can't handle wild, and I mean REALLY WILD 25+ point price fluctuations than this probably isn't the stock for you. Just sell me your shares at about 65 and I'll be happy. :)

If Cree history repeats itself than the next high should be at about...165 by June I think. It's a wild ride and I love it.

Take care all,
Matt
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.