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Technology Stocks : ADFLEX SOLUTIONS ( AFLX )

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To: Ken Ridge who wrote (400)7/23/1998 8:43:00 PM
From: RButman   of 718
 
Hard to tell where the bottom is, especially with the general market conditions adding to the confusion. It looks like AFLX just became a long term "core" holding <g>

The CC today reinforced my view that this is a good company weathering a down cycle that won't improve dramatically over the near term. Margins are being squeezed but management has reacted very quickly to bring costs in line.

Yeah the charts really are ugly but near term it seems that once we finally bottom, the next short term move would be to break back to 8. Lets see given that we closed at 6 7/8ths today...a move back to 8 wouldn't be unreasonable..hmmmmmm...think I'll put in a GTC buy at 6 3/8 just in case.
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