Damnenforcer let the cat out of the bag why don't you.? I was going to bring up LYTS later this week. I bought 1000 at $19 which is big for me I think this is the real deal you turn your back it's $30 sort of play but I admit I bought in fear when I was consolidating in the downturn and looking for stable names it's not as sexy as CREE which is burning it up. Here's that Zack's Blog post by the way> CREE Could Soar with GE Buyout
Cree, Inc. CREE is one of the leading producers of Silicon Carbide (SiC) and Gallium Nitride (GaN)-based LEDs (light emitting displays). June quarter results beat the consensus on both the top and bottom lines.
Near-term revenue growth is likely to come from the lighting space, and notebooks seem to be next in line. However, new product ramp-up costs and low utilization rates are likely to keep the pressure on margins.
Recent rumors of a possible buyout by GE GE are resulting in a buoyant share price. We believe this could be a good time to accumulate shares. The company is a technological leader in the market in which it operates.
The potential for expansion into new end markets is substantial, and this potential is backed by an experienced R&D (research and development) team. The company has the new age lighting technology that makes it an attractive acquisition target for electrical giant GE.
The share price has been buoyant, and could go up sharply if such a deal is announced. We are encouraging investors to buy CREE shares, and are raising our target price to $35.
>> I forget the rules these days but is GE allowed to say We are not interested in Cree and then buy them? I think so it's competitive throw off other guys-type stuff not lying to shareholders.. or is it?
Back to LYTS kind of an island in the sky formation don't you think. i bet it's up $2 tomorrow just a hunch now that enforcer mentioned it. I haven't made any money with it even with yesterday... it's a ticking time bomb I just hope in a positive manner to my account....God Love Elite Trader where you can still find fair and balanced reporting & positive minds. ~ stoney