Chatter is mostly what is behind this stock's run up, and not somethng from the company itself.
BREAKING- China Techfaith Spikes 24 Percent – Why? (CNTF)
August 14, 201312:50 pm
Shares of China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) rallied 24 percent around 12:40 p.m. EDT Tuesday. The stock has traded 1.2 million shares versus an average volume 140,000. According to theflyonthewall, the move is being attributed to positive comments from an investing firm Wedge.
This is a straight up pump and dump stock. I've traded it three times on this type of action and have made over $100k during the last two years. The trick is to buy at around $1/share and dump at between $1.30 and $1.50 a share. I unloaded 100,000 shares today at $1.51 that I bought at $0.99 and $1.00 five months ago. Here's the tip: Bulls make money; bears make money; pigs get slaughtered. Don't get slaughtered.