SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : AFC Cable Systems (AFCX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Scott D. who wrote (20)4/20/1997 11:06:00 PM
From: Rick Slemmer   of 42
 
AFCX looked pretty weak as it tried to break through 27 in February. I held on as long as I could but finally pulled the plug at 24 last month.

Technically it looks very bad; OBV has dropped off very sharply this past week, there is evidence of heavy distribution, and most of the trendlines are heading south. If it's optionable, I'd write protective puts against your holdings; a recovery from this behavior is rare. Friday's drop was on fifty-five times normal volume.

Good luck!

RS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News