I bought CREE today at 60.40 average, shortly after the open today. They own the "HID" replacement space as well as low-output residential applications. The things are indestructible and incredibly efficient. You can't buy an LED flashlight w/o a CREE LED. The trend away from incandescent is in the 3rd inning. I bought half the position in D1 and the rest in short 55P.
Cree can be a good trading vehicle at times. Just remember it is computer hardware and the pitfalls it entails.