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Technology Stocks : Advanced Fibre (AFCI) ** IPO

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To: Keith A Walker who wrote (2952)4/1/2000 12:14:00 PM
From: Ram Seetharaman   of 3299
 
Last week was a temporary blip due to Abby J. Cohen and another hedge fund manager yakking for their clients. Their clients probably don't even make 1 % of the broader market. I wish they would keep their yakkings to their clients only. The Tiger fund bail out also was a negative - sorry to see them go! The word value doesn't make sense to people? Tiger Robertson did that for umpteen years! What has the world come to? The simple law of buy low - sell high - still holds.

I see nothing stopping the bull market, not for AFCI - they are awash in orders and have lots of cash. They should be back over $ 80 shortly.
Next week Wednesday is YHOO earnings announcement. Nasdaq should gyrate around that - consensus is 9c and whisper is 11c.

For AFCI consensus is 7c. I will be surprised if AFCI doesn't go over $ 100 this year. The chips/semis will report very very strong results in April. Nasdaq will party as high as 5500 this year or more. At $ 60+ AFCI should look attractive for institutions. They will buy the next few days. All this should help AFCI.
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