Profile:
Cray, Inc. engages in the design, development, marketing, and servicing of high performance computer (HPC) systems, commonly known as supercomputers. Its Cray X1E supercomputer combines the processor performance of traditional vector systems with the scalability of microprocessor-based architectures. The high performance interconnects and memory subsystems enable the Cray X1E system to scale from 16 to 8,192 processors, delivering up to 147 tera floating point operations per second. The company's Cray XT3 supercomputer scales to support the most challenging HPC workloads. Its Cray XD1 is Linux x86-based, 32 and 64-bit compatible, which runs open source codes and independent software vendor applications without requiring complex porting or application recompiling. The company also provides consulting, integration of Cray products, custom hardware and software engineering, advanced computer training, site engineering, data center operation, and computing-on-demand services. Cray, Inc. principally serves the government/classified, scientific research, weather/environmental, and automotive and aerospace markets, as well as life sciences and petroleum markets. It operates in the United States, Canada, Japan, Europe, and Asia-Pacific. The company was co-founded by James E. Rottsolk and Burton J. Smith. Cray, Inc. is headquartered in Seattle, Washington.
So much hammering down to CRAY since the end of 2003...but now CRAY on the rise... ;)
CRAY
CRAY INC (NasdaqNM:CRAY) Delayed quote data
Pre-Market (RT-ECN): 1.70 0.31 (+22.30%)
Volume light @.......85,290
Cray Incorporated (nasdaqnm: CRAY) Stock Symbol:
Knobias MEMBERS get: Quotes | Charts | Technical Analysis | Quick Profiles | EDGAR Filings | News & Alerts | TearSheet Profiles | Historical Statistics | Insider Transactions | Institutional Holdings | ...and Much More
Last Trade: 1.820 Change: 0.430 ( +30.935 %)
Previous Close: 1.390 Today's Open: 1.690
# of Trades: 2,254 Volume: 4,296,800
Avg. # of Trades: 592 Avg. Daily Volume: 935,180
Bid: 1.820 Bid Size: 84
Ask: 1.820 Ask Size: 1
Day High: 1.840 Day Low: 1.600
52 Week High: 4.080 52 Week Low: 0.850
Market Cap: 161.46M Dividend: N/A
EPS: -1.04 P/E Ratio: N/A
Hey nice chart,notice the long term positive divergence in the Macd indicator.It looks good here.
strong positive divergence since April it appears
You know, i've been holding CRAY for 3 months now & CRAY is really rising very slowly...but patience pays off you know ...I've bought @ 1.30 gaining already 63.07% profit... you think i'm gonna sell it now ... NO WAY Jose!!!
But i'm fully invested now i might sell some of my holding tomorrow & grab some hot stock ;)
I'll leave a chart ;)
CRAY up 12.26% today, close @ HOD at $2.38... I have 83.08% open profit nice baby!!! ;) :D ;D
--- looks like pullback is coming... no worries ;)
Quote from: Terlisa on January 24, 2006, 10:39:20 PM
CRAY up 12.26% today, close @ HOD at $2.38... I have 83.08% open profit nice baby!!! ;) :D ;D
--- looks like pullback is coming... no worries ;)
I just Sold CRAY @ 2.42 ....
86.15% Profit....whoooooooooo hoo, today is a good day for me ha ha ha... ;) :D ;D
go cray go ,,, move over cogo here we come. >:D
Quote
I just Sold CRAY @ 2.42 ....
86.15% Profit....whoooooooooo hoo, today is a good day for me ha ha ha... ;) :D ;D
Quote
Buying back @ pullback.. CRAY @ 2.20, I believe this baby has a lot more to give ;) :D ;D goodluck
I think its time to buy again on monday.... What do you think? ;) :D
** Parabolic Rise Continuation **
Quote from: Terlisa on March 03, 2006, 11:50:37 PM
I think its time to buy again on monday.... What do you think? ;) :D
Alister,
I think CRAY has well-structured, beautiful looking chart.
The 1.98 gap got filled during the current Bull Flag formation. The top of the Bull Flag on Friday, March 3 was
2.147. The high on the day was
2.14, then CRAY backed off into the close. That's the third hit to that trendline, validating it.
Volume was a little weak on last week's rally off the bottom of the Bull Flag, so we could "walk down the flag" some more next week. I'd like to see volume come in on a breakout.
If the Bull Flag gets taken out to the upside,
2.54 and
2.77 will be IN PLAY.
2.75 was the reaction high in April, after the gap down in March.
I got back in yesterday. It was a quiet week for CRAY. Hoping for some heat next week.
uc.
Quote from: usedcasting on March 04, 2006, 09:57:06 AM
I got back in yesterday. It was a quiet week for CRAY. Hoping for some heat next week.
uc,
CRAY might "walk down" the Bull Flag some next week, but the overall chart looks good.
In January, John D. Markman at the Street.com picked CRAY as one of his "10 Hot Techs that aren't Apple or Google." Markman seems to have a good read on fundamentals.
His picks are doing well, some of which were JDSU, PMCS, STX, BCOM, BWNG (had a nice gap higher on Friday).
Here are his comments on CRAY:
"If you want to look for some upside in a cheap tech stock on the move, check out Cray (CRAY:Nasdaq - news - research - Cramer's Take), the nation's leading supercomputer maker. The company -- which has disappointed optimists repeatedly in the past -- last week lifted its revenue estimates for 2005 and 2006 by as much as 32% because of new commitments by customers on three continents, including the Korea Meteorological Administration, the Swiss National Supercomputing Center and our very own Oak Ridge Labs. Earnings will follow, and the company is likely to emerge from a string of annual losses by 2007.
The problem is that supercomputing is not exactly a growth industry, and at home it is held hostage to a Pentagon budget that's straining just to turn on the lights.
If you buy now, you might have to wait a while for action, but there's $46 million in cash that acts as a safety net, and the upside could approach $2.50 to $4 in two years, or as much as a double or better from here . The recent range is wide: It sold for 85 cents a share a few months ago and as much as $14 in 2003."
The high end of his target ties in nicely with the chart. If CRAY can take out 2.54 (see my chart above), that will put about
4.25 IN PLAY, depending on the point of the breakout. If we get there, that's a 101% gain from Friday's close of 2.11.
Good luck, uc!
I'm in @ 2.12... let's see what she got ;)
Hey Melf, thanks for the read, as always truly appreciated. (appl)
Was that bcon you meant.
Thanks
uc.
Quote from: Terlisa on March 06, 2006, 01:43:32 PM
I'm in @ 2.12... let's see what she got ;)
Nice going on ivan.
Super glad to see your in!
uc.
Quote from: usedcasting on March 06, 2006, 01:57:29 PM
Was that bcon you meant.
uc,
Sorry, I typed the wrong symbol, probably because I hate that devil BCON. >:D ;D
I meant to say that one of Markman's picks was Broadcom (BRCM). I typed it as BCOM.
Let me look on the toolbar for an Embarrassed Face...
:-[
Quote from: usedcasting on March 06, 2006, 02:01:58 PM
Quote from: Terlisa on March 06, 2006, 01:43:32 PM
I'm in @ 2.12... let's see what she got ;)
Nice going on ivan.
Super glad to see your in!
uc.
Usedcasting,
Let's get it on!!! ;) :D ;D
f-----------------------k!, everytime I get in this stock I get a kick in the teeth. They have a knack of reporting some form of earnings without any notice. I should have learnt my lesson.
PDATE 1-Cray says may revise 2004 results on accounting review
Fri Mar 17, 2006 8:50 AM ET
(Adds details, outlook)
March 17 (Reuters) - Cray Inc. (CRAY.O: Quote, Profile, Research) on Friday said its 2004 loss could increase by up to $3.3 million, and revenue reduced, if it determines that revenue from one of its product development contracts was inappropriately recorded.
FACT BOX
CRAY.O (Cray Inc)
Last: $2.04
Change: +0.03
Up/Down: +1.49%
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UPDATE 1-Cray says may revise 2004 results on accounting review
Cray says may revise 2004 results due to accounting review
Click here to find out more!
In a news release, the company which makes supercomputers said, although no resolution had been reached so far on the issue, there was no impact on the company's cash or short-term investment position during 2004 or 2005.
Due to this, the company said it would delay the filing of its 2005 results and expects to file by March 31.
On a preliminary basis, Cray said its fourth-quarter net loss was $9 million, or 10 cents a share, on revenue of about $65 million. The results for the quarter included a $4.9 million write-down for impairment of core technology among others, the release said.
According to Reuters Estimates, two analysts expected the company to post a loss of 3 cents a share, excluding exceptional items, while three analysts expected the company to report revenue of $61.0 million for the fourth-quarter.
For 2006, the company said it expects revenue growth of 5 percent to 15 percent over the year-ago period. The company expects the second half of 2006 to be stronger than the first half, with the potential for 60 percent of product revenue to be recognised in the fourth quarter. (Reporting by Deepti Chaudhary and Srikanth Srinivasa in Bangalore)
uc.
UC,
I got out from CRAY when the price came back to bull flag breakout formation, with a loss of course.
Press Release Source: Cray Inc.
Cray Inc. Resumes Trading Under Symbol "CRAY"
Friday July 7, 7:30 am ET
SEATTLE, WA--(MARKET WIRE)--Jul 7, 2006 -- Global supercomputer leader Cray Inc. (NASDAQ:CRAY - News) today reported that the company will resume trading under its original trading symbol "CRAY," beginning at market open today, July 7, 2006. Cray had been trading under the symbol "CRAYD" for the past 20 trading days to reflect a reverse stock split that became effective June 8, 2006.
About Cray Inc.
As the global leader in supercomputing, Cray provides highly advanced supercomputing systems and world-class services and support to government, industry and academia. Cray's technology enables scientists and engineers to achieve remarkable breakthroughs by accelerating performance, improving efficiency and extending the capabilities of their most demanding applications. Cray's Adaptive Supercomputing vision will result in innovative next-generation products that integrate diverse processing technologies into a unified architecture, allowing customers to surpass today's limitations and meeting the market's continued demand for realized performance. For more information, go to www.cray.com.
Cray is a registered trademark of Cray Inc. All other trademarks are the property of their respective owners.
Contact:
Cray/Media:
Steve Conway
651/592-7441
[email protected] Investors:
Victor Chynoweth
206/701-2094
[email protected]--------------------------------------------------------------------------------
Source: Cray Inc.
Cray Wins $52 Million Supercomputer Contract
System at Department of Energy's Berkeley Lab Will Be One of World's Fastest
http://www.supercomputingonline.com/article.php?sid=11738
http://biz.yahoo.com/bizj/060810/1329432.html?.v=1
September 11, 2006 - Broken Symmetrical Triangle: 9.01 is IN PLAY
October 6, 2006 - H&S Top: 6.55 is IN PLAY
Hi,
I want to talk about CRAY because it reflect my actual trading philosophy and because news are not good but i am still BULLISH ??? But with my money management rules, if i am wrong i will have no loss :)
I have bought some shares on pullback at the beginning of october at 10.20..
But today i saw on Zacks.com a negative post :
"In light of the company's poor track record of timely launches, we remain skeptical that Q4 will meet expectations." and more...
My strategy :
Buy at 10.20
Stop-loss at 9.80
Target protection : 10.60 -> OK
Target profit : between 13 and 14...Not YET..
Why ?
1. Major UPTREND
2. Just 4 eliott waves
3. Good pullback at 10 - 10.20 => Support + 50%retracement + negative divergence
4. High probability trade : Reward/risk ratio of 28 (price at 13 -> minimal) / 4 = 7 !!!!EXCELLENT
GOOD TRADES :)