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South African Resources: A punt in the dark

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Creator colinvest Created 18 Jul 2002 Posts 274 Last Post 19 years ago
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SFU came to the market about six weeks ago, at 0.75p. where they stayed for most of that time.
This week the shares have literally taken off, on small volume,and this morning's price is up by 1.00p at 4.75p.
However, the spread is 4.00p - 5.5p, or twice the size of the starting price itself.
There is no information about the company, so I can only assume that this is a share which is being totally ramped by the market maker/s, and if they retrace to say the 2p level, you will have lost over 60% of your investment - BEWARE !!