re: Ann: TEN GEM DIAMONDS (2.42 CARATS) RECOV... Xabi
CFR doesn't move often but when they find diamonds...likely to be more. These are good quality.
The trading pattern I have noticed over the last say 6 or 7 years is that CFR spikes great on the day they announce a find of diamonds...then again the next..then the next.
I've seen it run for a couple of weeks....can be a real momentum builder. The good thing is where they found these diamonds there could be more.
They're not a legend of a company which is why it runs up past 2 or 3 cents and then over months may trickle back down below 1 cents.
Then again...if in a couple of weeks more diamonds are found then its possible that CFR may just keep on running.
On this news...my opinion is it will creep over 2 cents in days in anticipation of more diamonds.
Worth a punt in my opinion. Its a spec stock but I just bought as my gut feel is it will crack 2 cents or higher in a week or less.
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