What is better than GREEN lighting? CHEAP GREEN lighting. LED is the future of lighting, forget what you keep hearing about Compact Fluorescen. It's cheaper, last longer, mercury free, and is starting to get very bright. With Australia and Canada's Incandescent lighting ban (Will be in full effect in 2012) there will be a lot more than CFLs lighting homes. New homes will be built with LED lighting built in.
Bigger than the home market is the Industrial use of LED's. And Cree is certainly the top dog and is barking loud right now:
- LED City Raleigh, N.C. wants to become the first city run by LED's.
- They make bad ass streetlights Cree is providing 1000+ streetlights for Ann Arbor M.I.
- Cree Is going to light up the china olympics 440,000 Cree XLamp LEDs will be used in the "Water Cube".
Cree is the efficacy Master They make the brightest LEDs around.
Cree has got lots going for it right now and it is nicely off its 52 week high. I am going long on this one and adding on the dips.
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