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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (70849)1/2/2009 5:01:41 AM
From: Maurice Winn2 Recommendations  Read Replies (1) of 74559
 
That's an interesting hypothesis: <cski - several issues

(i) it has four letters for its symbol
(ii) two digits for its price, and
(iii) the word 'china' in its name

avoid at all cost.
>

A few years ago I became interested in CNTF aka China Techfaith Wireless Communication Technology Ltd because they have a few thousand engineers designing cellphones/cyberphones. But I didn't buy because when digging into it, there seemed to be too many alarm bells. Now it is way down.

It has 4 letters in its symbol, 3 digits in its price if cents are counted and it's all China with China in its name.

I have avoided it at any cost. Unfortunately, QCOM management backed it at much higher share price. QCOM is not such a hallowed institution as in the good old days. It's more of a journeyman these days.

Mqurice
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