researcher, on CXTI. the concern is that the reason he give (according to CXTI) to CXTI for leaving CXTi is because CXTI is moving to China frmo Hong Kong and he wants to stay in Hong Kong. but voila. he joined another company in China and that he will be moving to Beijing, China. This is not consistent with the story that CXTI give on why SImon Fu was leaving (so that makes me think that there are other reason on why he left. such as maybe the books aren't in a very good standing or maybe something to do with the contracts etc. but at this point, I'm just speculating)
I'm planning to hold most of my shares. I'm planning to sell some that I purchase at a higher price than today (but even then I'm still considering and might end up just holding) because at this price ($2) , it seems like it is worth the gamble and wait till CXTI post their result. Having said that, maybe $2 is better than $0 (if they don't post in the next one month)
JLF selling doesn't help the situation either. I think you stopping buying the shares is a prudent decision. you can always buy when the earning is released, even if it will be 20-30% higher than day (higher than today's price), it is still worth it to buy then (rather than buying now, as buying todya is not investing but rather, gambling)
Now, the key will be when CXTi posted earning and whether there will be any restatement of past financials and whether th previous guidance will still be true.
JMHO,
Stan
