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Technology Stocks : Advanced Fibre (AFCI) ** IPO
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To: wolfgangl who wrote (2737)10/7/1999 1:20:00 PM
From: wolfgangl  Read Replies (1) of 3299
 
Silas,

(Sorry I had a serious mistake in my post I exchanged highs for lows see below, corrected version.)

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 highs ($25 1/2) to $21 or lower.

Beware, I am short (gg),

Wolfgang

PS: One could also say that all good news are out now, hence buy the rumor, sell the fact.
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