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Technology Stocks : ADFLEX SOLUTIONS ( AFLX )
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To: Amir Desai who wrote (350)5/20/1998 1:12:00 PM
From: Kent Sarikaya  Read Replies (1) of 718
 
We all seem to agree that AFLX will do well in the coming years.
I don't think AFLX and other good tech stocks that have been beaten really badly will really start rallying wildly till the book to bill starts rebounding
again, when the problem in Asia is quantified accurately and we see an almost across the board rally in techs and finally the big caps start falling out
of favor.

In the meantime, I think AFLX can be traded as it doesn't like to stay still for too long anywhere... our good fortune. It seems the funds nibble when
we have been in the 15's. I don't think we will see 15 again but the high 16's to low 17's could be the next
buying opportunity. We are at the 50 day moving average now and it seems recently it has dipped below that and usually a little below the 100 day
moving average, that would put it around the 16-17 range. Another factor is to watch the volume. No substantial moves up have occurred without
good initial volume (over 300,000 to 400,000 in a day), it seems when it moves up with volume less than that it usually dips back down quickly.

Well that's my observations. Anyone else looking to trade AFLX actively in these 5+point swings? I'm looking to develop buying targets prices and
then to set stops on the way up and trade until tech stocks really start rallying... and then I will just sit back and let AFLX ride.
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