Tag: LFT

Speculating on Longtop Financial

Reading Time: < 1 minute Last night (Oct 24 10 PM, Shanghai time) I bought some Longtop (NYSE:LFT) shares at its IPO debut. I think this is more like “gold rush”, not something a rational investor would usually do. After I bought it at opening ($27), the stock gapped down as low as $23.25 (see the pattern here?). But it

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stlplace
October 24, 2007
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