Great Trades

Great stock trades based on fundamentals and technical analysis.

Monday, April 03, 2006


Removing CNTF from Coverage

Less than 2 weeks ago, we highlighted a buy opportunity on shares of China Techfaith Wireless (CNTF) when the stock dropped to the 10's. Today, CNTF has rallied to the 15's. After 2 rallies from the 12's to 18 since November, and this rally from the 10's to the 15's, we are removing CNTF from coverage. While it could still be a great long-term hold, after the recent warning, we're not as excited about its long term prospects as earlier this year, when the stock price was lower and the company was talking about 100% revenue growth.

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