ADVFN (AFN.L) - Advanced Financial Networks Message Board

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Strategies & Market Trends : ADVFN (AFN.L) - Advanced Financial Networks

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To: Done, gone. who wrote (118)	5/3/2007 12:45:11 PM
From: SI Bob	of 139

I'm really watching for a pullback but since the ADR's should happen soon, it may be a long wait. It's broken the trend of lower highs pretty strongly. I want to see it prove it can now do higher lows. No idea where the biggest overhang is going to be on the upside since it's traded so much higher than this over the past couple of years and the number of shares that're in the money because of having been bought in the past several months likely isn't that huge a number. Edit: The Bid size has been much larger than the Ask size for a little while now. Surely there will be plenty of sellers at some point soon if it keeps moving the way it has been, but right now they're simply not around. I strongly suspect they're waiting to see what happens with the ADR's before deciding whether to hold or sell. Also, Yahoo Finance is showing that it closed at 2.9p but ADVFN shows 3.025p. Both sites show the same volume. I'm very curious which one's right, but since the last trade of the day was quite a bit smaller than the bid size has been most of the day, yet Yahoo shows the trade happening below the bid, I have less confidence in Yahoo's number.

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