iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,632 Blog Posts

COME TO MAMA

Cree shares are in the toilet after reporting soft guidance after the bell.  I can only see this as a buying opportunity.  If it presses my RVLT shares lower, I’ll be looking to buy more of their shares too.  Listen to me very carefully: LEDs are coming in a big way.  There are hundreds of millions of light bulbs that will be updated to LED technology.

Cree was priced for perfection going into earnings, it worried me.  I could have lightened my shares, but then I risked having to buy them higher on a positive reaction.  I’ve been biding my time with CREE, letting it effervesce for months, hoping for an opportunity to add exposure into some blood.

It appears I have my opportunity.

Shares are down nearly 15 percent on the news.  My cost basis is much lower so the market will have to do worse to shake me. I’m a buyer down here, but I intend to do so with laser like precision.

The CREE chart has needed to reset since February.  This isn’t a trade.  It’s a multiyear thesis that will crush.  The numbers out of CREE look great to my eye.

MOVING ON…

There’s nothing you can do, sans having illegal insider information, to avoid the type of loss I was forced to take in OCZ today.  Sometimes you get unexpected news, especially when you’re digging through dumpsters looking for winners.  You have to cut the names as gracefully as possible and take precautionary measures to protect your emotional capital or avoid tilt as some say.  I should have probably sold on the first bounce, instead of nursing the position late into the afternoon.

I am experiencing winship in the AIXG today, I’ve waited quite some time for this name to get active, and it will be interesting to see if CREE is a negative contagion tomorrow.

My peanut gallery of stocks were mostly down today with the exception of ONVO and IMMR.

Tonight I’ll be formulating plans to accumulate the blood in LED and I will burn thickets of sage to cleanse these demonic losses out of my home.

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9 comments

  1. Sooz

    Agreed on all accounts, Sir Raul.
    CREE has had a great run, no doubt.
    Today’s dip RVLT was fast and furious..HMMmmmm?

    Sorry about OCZ
    Some of those(pre)moves, insider, are so blatantly obvious.
    That sh!t has happened to most of us and there’s not a [email protected] thing you can do.

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  2. Sooz

    *posted more about this little one, than any other, since I arrived on the pages of iBC..back in Jan.
    truth..
    you just have to believe me..
    😉

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    • Sooz

      edit:^ should read since they turned out the lights over on pickr in Jan.(think they are back up and running but I’m not certain about that..forgot passcode anyway) if so you can go back in time on all Sooz trades.

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  3. UncleBuccs

    Raul, your words have fired me up. I’m seriously going to relamp my kitchen in your honor.

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    • Raul

      Your relamp is appreciated. I like grabbing them after they’ve been on for 10 minutes and they’re still cool

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