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Technology Stocks : ADFLEX SOLUTIONS ( AFLX )

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To: Kent Sarikaya who wrote (387)6/11/1998 1:54:00 AM
From: Oleg Sogolov  Read Replies (1) of 718
 
Kent, I mean all I can say is OUCH!

What a way to get yourself shut down after me being so bullish on the stock.

Using their estimate loss of $3.0m-$3.2m with 8.8M shares outstanding,
that puts this quarter at .34c-.36c loss. This wipes out .30c gained in Q1.
You're asking if this is just a quarter hiccup. I do not think so.
Hard drive manufacturers such as Western Digital and Quantum are in trouble again for the third quarter in a row, and Adflex is just starting to experience the Asian flu. Sure, it is nice to announce new contracts from Dell and Compaq just to soften the blow, but in todays jittery market investors tend to shoot the stock first and ask questions later.

Any predictions for tomorrow and days to come?
I expect about %25 drop tomorrow and continuous slide to around $7.5 and stay there for a while.

Damn it.
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