Zeev's Turnips Patch-No Politics (ZEEV)

[brbz]

I'm a long time lurker and I wanted to share an observation this afternoon. Been watching CREE all day on Fidelity Active Pro. Closed up $0.14 at 4PM @ $23.07 (and earnings were released at 4:07 PM; they met whisper #'s and GM's jumped to 47%; they are addressing rumored capacity constraints).

At 4:01 PM, the extended hours bid / ask came out at at $21.20 and $21.21, with order sizes of 1 (one). The $21 price range has managed to hold through the cc...

I don't see any signs of the earnings report (which is quite good, IMHO) having been leaked this afternoon... all I can conclude is that this is da boyz way of moving us back toward max pain.... sheesh.