Shorting stocks: Broken stocks - Analysis Message Board

STOCKTALK

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.

Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IA who wrote (1746)	9/7/1998 2:14:00 AM
From: chester lee	Read Replies (1) of 2506

Inder re: AFCI I've never heard of the company, but here is what I've found on a cursory look. The chart broken in a severe way. Something happened in July that drove the stock down from $40 to $20 instantly, and the stock price has been falling since. quote.yahoo.com SI subject search show some speculation of a bottom for AFCI, but no consensus. The chart certainly doesn't show a bottom. techstocks.com I read a few of the messages and come to the conclusion that AFCI has few contracts, and seems to be the recipient of a a few class action lawsuit alledging fraud against shareholders. One last thing to look at would be the fundamentals. They appear to have $3.43 in book and 100mm in cash. Their trailing PE is at 10. the fundamentals look OK to me, but keep in mind they are trailing numbers. biz.yahoo.com FWIW, I don't think the market's down draft is over yet, so if you are short, there is probably a few percentage points to be gained. If you are bottom fishing, don't jump in too soon, and only if you can wait it out. chester

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next