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Technology Stocks : Advanced Fibre (AFCI) ** IPO -- Ignore unavailable to you. Want to Upgrade?

To: Keith A Walker who wrote (2952)	4/1/2000 12:14:00 PM
From: Ram Seetharaman	Respond to of 3299

Last week was a temporary blip due to Abby J. Cohen and another hedge fund manager yakking for their clients. Their clients probably don't even make 1 % of the broader market. I wish they would keep their yakkings to their clients only. The Tiger fund bail out also was a negative - sorry to see them go! The word value doesn't make sense to people? Tiger Robertson did that for umpteen years! What has the world come to? The simple law of buy low - sell high - still holds. I see nothing stopping the bull market, not for AFCI - they are awash in orders and have lots of cash. They should be back over $ 80 shortly. Next week Wednesday is YHOO earnings announcement. Nasdaq should gyrate around that - consensus is 9c and whisper is 11c. For AFCI consensus is 7c. I will be surprised if AFCI doesn't go over $ 100 this year. The chips/semis will report very very strong results in April. Nasdaq will party as high as 5500 this year or more. At $ 60+ AFCI should look attractive for institutions. They will buy the next few days. All this should help AFCI.

To: Keith A Walker who wrote (2952)	4/1/2000 1:54:00 PM
From: lml	Read Replies (1) \| Respond to of 3299

Keith: Basically I agree with Ram. What we saw yesterday was what appeared to be "last minute" selling. Up until yesterday, my teleco stocks (AFCI & TKLC) had held up rather well all week . . . until yesterday. So why yesterday? Well, my only conclusion was to book profits for the Q. I think last week's picture will change beginning Monday. I guess the inevitable had to happen in one form or another. After having an unbelievable 200% ROI on my portfolio last year, this year's ROI was already up 30% going into March. These kind of returns CANNOT be sustained on a continuous basis. Eventually, someone is gonna want to take profits, particularly the guys who get measured or evaluated on a quarterly basis. Tech hasn't changed a bit, IMHO, although this latest wringing, should take some of the more speculative nature out of the market. Sorta like a little kid burning his hand on the stove, after playing with it for several months. More caution will be the rule going forward for the more prudent investor. I like to think I invest in the "lower risk" end of the high-tech sector, so, in a way, I'm looking forward to seeing some of my not-so-beaten down holdings rebound, but with stronger legs going forward. I put AFCI in that camp.