RFX Continues to Sell-Off, Traders Jockey

Refco, Inc. (NYSE: RFX) continues to get pounded, off another 17% this morning as more details surface after the CEO's transaction. Today the Wall Street Journal reported the CEO paid a hedge fund to help hide debt. As headlines risk increases, some traders are still looking for an entry point to see if they can get a bounce, saying the main business is okay. Others are shorting or staying clear - saying where there's smoke, there's is fire.

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