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Technology Stocks : Advanced Fibre (AFCI) ** IPO
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To: SilasSan who wrote (2735)10/7/1999 12:40:00 PM
From: wolfgangl  Read Replies (1) of 3299
 
Silas,

I am not a valuation pro. AFCI showed up in a screen for both falling revenues and earnings, based on the last published numbers. If a turnaround of sorts has taken place, this of course is all obsolete.
Nevertheless the price is at a fivefold of the recent low. Depending on if that low was justified in terms of valuation, the price now would certainly be high.

Anyway I base my buy/sell timing on short(est) term technicalities. I could imagine a retreat from recent lows to $21.

Beware, I am short (gg),

Wolfgang
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