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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Crossy who wrote (34893)	11/20/2009 10:41:08 AM
From: Crossy	1 Recommendation Read Replies (1) of 37387

re: CTEL what a low-key company. No upgrades yet, nothing - but the stock is quietly accumulated. CTEL (the ADR of 1137.HK) has been going up steadily even on down days in the US and China/HK. Today we closed at HK$3.47 for the underlying shares (1137.HK) a 2 year high in HK ! I guess I won't qualify as a prophet if I predict that we may easily get double digit levels in the share price of the ADR (NAsdaq: CTEL) in 2009 - see us north of $10 soon. TA wise, the old highs from Nov 2008 and fall 2003 were in the $3.75-4.25 range (for the underlying 1137.HK) an $10-12 (for the ADR) so I would expect at least some slight dose of resistance in these ranges. Beyond that it will be smooth sailing to $22-25 for the ADR and to HK$8-9 for the underlying rgrds CROSSY

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