CRAY

[Terliso]

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...

[Terliso]

CRAY

[setravis]

CRAY INC (NasdaqNM:CRAY) Delayed quote data 

Pre-Market (RT-ECN): 1.70  0.31 (+22.30%)

Volume light @.......85,290

[la-onda]

  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

[traderjbr]

Hey nice chart,notice the long term positive divergence in the Macd indicator.It looks good here.

[traderjbr]

strong positive divergence since April it appears

[Terliso]

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

[Terliso]

CRAY up 12.26% today, close @ HOD at $2.38... I have 83.08% open profit nice baby!!!

--- looks like pullback is coming... no worries

[Terliso]

CRAY up 12.26% today, close @ HOD at $2.38... I have 83.08% open profit nice baby!!!

--- 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...

[agatto2]

go cray go ,,,   move over cogo here we come.     

[Terliso]

I just Sold CRAY @ 2.42 ....86.15% Profit....whoooooooooo hoo, today is a good day for me ha ha ha...

Buying back @ pullback.. CRAY @ 2.20, I believe this baby has a lot more to give goodluck

[Terliso]

I think its time to buy again on monday.... What do you think?
** Parabolic Rise Continuation **

[Melf Elf]

I think its time to buy again on monday.... What do you think?

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.

[usedcasting]

I got back in yesterday. It was a quiet week for CRAY. Hoping for some heat next week.

uc.

[Melf Elf]

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!