Wednesday, October 24, 2007

LFT

One of my services recommended LFT today under $25.00. It is a Chinese IPO that priced this morning at $17.50, but it opened for trading at $27, then fell as low as $23.25 and now is trading above $34 in after-hours. So why mention it here?

The market was a minefield today, but this stock held fast to it's $6+ premium from it's IPO price and soared once the market reversed it's spike low. There seems to be an LFT everyday, no matter what the general market is doing.

This is the stuff of daytrading. As Ken Kesey said to the Merry Pranksters, you're either on the bus or off the bus.

Heads-up.

A

6 comments:

Anonymous said...

thank you Allan for the heads up, Will.

Anonymous said...

Allen thanks for the i-buys, cwtr sure rocked. Thanks for all the other great picks and lessons you have shared.

Kevin said...

Hi Allan
Where can I get quotes for these Chinese
companys?
thanks

Anonymous said...

Hi A:

Remember SGMO when we bought it under $5? Take a look now, it is breaking out again today. Oh thats right, I don't own it anymore either.

GTR

Allan said...

GTR:

Why did you sell? Or a better question might be, why did you buy?

A

Anonymous said...

I'm betting that NNVC is Back to Stay!!!Deal with Army?