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


To: Ram Seetharaman who wrote (3061)7/18/2000 6:30:51 PM
From: Robert Griffin Gregory  Read Replies (2) | Respond to of 3299
 
Oh, to be an investor in AFCI, NVLS, and LSCC today. All three companies reported stellar results, predicted exuberant futures, and NATUALLY, the stocks took a dive. As disheartening as today's action was, there are at least two lessons to be learned:

1. Timing the market doesn't work;
2. The stock market is NOT a rational institution.

So, speaking for us INVESTORS, I look forward to doubling my money on AFCI, although it may take a year to do so. This stock has a bright future; Q4 is when the cash should flow big time; however, smart investors will start accumulating this stock long before.

Nonetheless, it still stings to take it in the shorts as we did today.