CHINA FIBRETECH . A multi-bagger you can't ignore

Val
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11 years 11 months ago #9078 by Val

Replied by Val on topic Re:CHINA FIBRETECH

In the stock market, never say never -- especially when there is deep value in a stock. China Fibretech, assuming its accounts are genuine, is such a stock. It could easily have caught the attention of some serious big time investor willing to take on this as a high-reward bet.

Someone bought up 2,150,000 shares at 3.4 cents this morning in the very first transaction of the day.

First question, is this a real trade? Sometimes, traders just pass the ball around, ifyou know what I mean, to catch the market's attention.

Second question, who dump at such a cheap price ? And how come got buyer ? Is this a married deal?

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lisa
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11 years 11 months ago #9079 by lisa

Replied by lisa on topic Re:CHINA FIBRETECH . A multi-bagger you can't ignore

If there is really a trader passing CFT around, they better have a good plan. Else they will be stuck with CFT shares... now and forever. Then they can join us as another minority shareholder to kpkb in this forum.

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lisa
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11 years 11 months ago - 11 years 11 months ago #9080 by lisa

Replied by lisa on topic Re:Re:CHINA FIBRETECH . A multi-bagger you can't ignore

Hi Viviene, the trader is a lousy one (if there is one). He bought 2k+ lots this morning, yet he dint even close CFT at 3.7c to make it level with a single lot. Sigh... ain't they no fund managers who can see the value in this counter?

Last edit: 11 years 11 months ago by lisa. Reason: .

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Beginner
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11 years 11 months ago #9081 by Beginner

Replied by Beginner on topic Re:Re:Re:CHINA FIBRETECH . A multi-bagger you can't ignore

Hi, Could this be the start of CFT share buy back scheme? if yes, we might see more of these.

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lisa
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11 years 11 months ago - 11 years 11 months ago #9087 by lisa

Replied by lisa on topic Re:CHINA FIBRETECH . A multi-bagger you can't ignore

Colin, I hope this is the case of share buy-back by the management with a good intention in mind (for e.g. giving out special dividends). BUT if they only buy back at low 3c without doing anything good, what;s the point of share buy-back by the management? They shd be buying up on a consistent basis to its fair value. Else buying at low levels seems meaningless to me.

Last edit: 11 years 11 months ago by lisa. Reason: .

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Joes
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11 years 11 months ago #9093 by Joes

Replied by Joes on topic Re:CHINA FIBRETECH

Unfortunately can't be a buyback. Any buyback has to be announced on the same day. So far, nil.

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