re: nigerian chain letter ??? kahuna1...
Not sure why you are so anti CFR...especially if, as you say, you "Don't know much about the company except for the first report I read..."
I'm not saying I agree or disagree with you, just that you seem to have a very strong opinion on CFR for somebody that deosn't know much about it.
I have already posted my feelings on CFR, so wont go on about it again...but from a traders point of view, I can see an opportunity comming up...
My guess is the underwriter may wish to off-load some of his new shares, so I suggest you keep an eye out for increased buying activity in the near future...as the underwriter manufactures something of a rally in order to get out.
Typically, I would expect them to try to push the shares through previous resistance points, perhaps topping out in the mid 5's.
CFR may not be a good investment, but it's still a pretty good trade!
Cheers!
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