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Technology Stocks : Advanced Fibre (AFCI) ** IPO

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To: J. Stone who wrote (1025)10/8/1998 5:05:00 PM
From: Sandie  Read Replies (1) of 3299
 
I am in at $5 as of a couple of days ago and seriously considered doubling down myself to get an avg price under $5 today. Someone mentioned that Oct 12 (Monday) is earnings announcement day, so we have probably two trading sessions to go. I will be reading the entrails as carefully as possible tomorrow on the options board to try to get some clues.

Chairman Green dampened earnings expectations at the Montgomery meeting a few weeks ago as you would expect given the credibility issues this company is struggling under at the moment. I think we should have an upside surprise as he has to be erring on the side of conservatism and may even have a trick up his sleeve (e.g. a Sprint contract signing?)

Good luck.
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