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

To: chojiro who wrote (3280)	2/23/2003 12:39:19 AM
From: ehasfjord	Respond to of 3299

Using a 120 day daily chart: For what it's worth, AFC is just below Dec. lows when it made it's last big move up to past 19. Boll. bands indicate buy - BUT I don't like the candles, nothing to indicate a move up at this point. They are starting to separate which indicates volatility, and an end to the squeeze that has been in effect, which may be good or bad (depending upon which end you are on). RSI still headed down, but is still around 50. I like to use 20 to 25 as a severe oversold indicator. MACD - Flat. Signal needs to be headed above 0 and trending up before I get get back in. Stochastics- headed down. I would want to see K go above D + 25% or less for D and K above D and some sort of sign from the candles and Bands and RSI. Momentum headed down - very bearish. If you are shorting AFC, everything indicates that you will do well, at least for a period of time, BUT I suggest you watch it like a movie. Myself, because I don't like shorting, I'll wait for a a real good chance of success buying opportunity. I also check out the 60 day daily chart before a buy, or sell. Checked out the 60 day - very very UGLY! Take Care, and good trading!

To: chojiro who wrote (3280)	2/24/2003 1:15:00 AM
From: ehasfjord	Read Replies (2) \| Respond to of 3299

If you are looking for a short term/long term position that should give you a few points, check out ORCL and CSCO. They show a great chart re: ability to move up. I do own CSCO, sold ORCL a while back (with a small profit), and it has turned around. With both of these, I like the way the candles, Boll. Bands, and RSI (heading up, but not above the 70 mark), Momentum is up, Stoch- hastics show K line above D with separation. Just an educated quess on my part. Take Care!