CHINA FIBRETECH . A multi-bagger you can't ignore

In the stock market, never say never -- especially when there is deep value in a stock. China Fibretech, assuming its accounts are genuine, is such a stock. It could easily have caught the attention of some serious big time investor willing to take on this as a high-reward bet. 


Someone bought up 2,150,000 shares at 3.4 cents this morning in the very first transaction of the day.

First question, is this a  real trade? Sometimes, traders just pass the ball around, ifyou know what I mean, to catch the market's attention.

Second question, who dump at such a cheap price ? And how come got buyer ? Is this a married deal?

If there is really a trader passing CFT around, they better have a good plan.  Else they will be stuck with CFT shares... now and forever. Then they can join us as another minority shareholder to kpkb in this forum.

Hi Viviene, the trader is a lousy one (if there is one). He bought 2k+ lots this morning, yet he dint even close CFT at 3.7c to make it level with a single lot. Sigh... ain't they no fund managers who can see the value in this counter?

Hi, Could this be the start of CFT share buy back scheme? if yes, we might see more of these.

Colin, I hope this is the case of share buy-back by the management with a good intention in mind (for e.g. giving out special dividends).  BUT if they only buy back at low 3c without doing anything good, what;s the point of share buy-back by the management?  They shd be buying up on a consistent basis to its fair value.  Else buying at low levels seems meaningless to me. 

Unfortunately can't be a buyback. Any buyback has to be announced on the same day. So far, nil.