I been watching CREE for a while now, you can search for “CREE” to find my previous articles. I expected a dip before the earnings tomorrow and now I got it. The question was to buy before or after the earnings, I expect another dip after earnings, if report is indifferent. I chose the former. 2 reasons. First, from their balance sheet, their quarterly net income is much in gyration and their last quarter operating income is in the red. I do not think the negative operating income will continue into this quarter earnings. So I predict the earnings will go up from last quarter. The second reason is FED Rate, which is tomorrow. I don’t anticipate a rate drop, but even more certain they won’t raise the rate. So no drawback there, if for some reason, they lower the rate, I will profit from it.