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Technology Stocks : Advanced Fibre (AFCI) ** IPO

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To: Sandie who wrote (1014)10/7/1998 2:25:00 PM
From: Ultimate Investor  Read Replies (1) of 3299
 
Hi sandie,
What yopu doing here at AFCI. Why do we go after all the loser stocks (PSIX and now AFCI). Shd I get into AFCI? I think the margin calls and it becoming a such a low priced and low market cap stock will compel institutions to sell, and we may see some heavy price deterioration, maybe to the $2-3 level and then in a few quarters if and when the company does well, we might see the big price upswing. yes, the company fundamentally looks good but in this market when the management tries to be too smart (remember PSIX!), the stock gets wiped out. What is your reading?
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