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Technology Stocks : Advanced Fibre (AFCI) ** IPO
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To: wolfgangl who wrote (2740)10/8/1999 1:32:00 PM
From: Andre Daedone  Read Replies (1) of 3299
 
Wolfgang, Maybe I used poor choice of words. When a stock runs up like AFCI has their are bound to be profit takers along the way. With the FED report today, I am sure investors are seeing this as a way to take profits. Unfortunately, I bought this stock @9.00/s and have already taken my investment out at 16.00/share. My next profit taking will be at 27.00/share. Another thing is that there is about 40% institutional investment which always helps maintain the price.

Andr‚
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