[Opening Position in China Grentech Corp (GRRF)]
Dear Member:
China Grentech Corporation Ltd (GRRF)may be a way to take advantage of the very hot Chinese economy. The company is involved in telecommunications and wireless. It has recently broken above a resistance level after forming a double bottom. I am placing an order to buy the stock at a limit of $9.80.
DISCLOSURE: At the time of publication, I have no position in GRRF.
Sincerely,
Bill Kraft
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