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The Grabber

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The Grabber

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Re: jaiml post# 39533

Monday, 05/18/2015 3:06:31 PM

Monday, May 18, 2015 3:06:31 PM

Post# of 47078
Re #2 on CREE

Hi j.

CREE jumped up today about 5% on 2 bits of news:
- They have quietly filed to spinoff their power and RF (non-LED) business as an IPO whereby they would still own majority.
- Rumour that GE is sniffing around and may make a bid for CREE.

So your under $30 entry may not be availble for some time.

On the other hand, it might be worth it to take a position in anticipation of profiting on the rumour, then selling on the news.

Last price so ar today is 31.44 +5.7%

I cannot imagine that we'll see the price drop below $30 until this latest dust storm settles.

Best Regards, Steve (The Grabber)

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