Replies to post #651 on China Techfaith Wireless Commtn Tech Ltd (CNTF)

[golong22]

Enchantress...

..most of the time, you are correct. The other way to play this is to either buy a dip below $1.18, or buy a breakout above $1.34. As long as it stays between these two prices, "it's not going anywhere..." until it makes a big move and breaks out above the resistance of $1.34.

With that said, the SA article doesn't say anything "new" about the stock, but just brings it to a wider audience.

I'm sure a lot of traders read the SA article today, and a lot of people are lot of people are looking for the next VHC or even VRNG play...

..Samsung lost billions to Apple...anything could happen.

--So I'll think about my "opening bell" strategy depending upon the volume and price in the A.M...

Good luck to ya!