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Strategies & Market Trends : ADVFN (AFN.L) - Advanced Financial Networks -- Ignore unavailable to you. Want to Upgrade?

To: Done, gone. who wrote (56)	3/18/2007 8:03:00 AM
From: SI Bob	Respond to of 139

Printed a new 52wk low of 2.47p. And what'd it do after that? You and I are in agreement as to what it should have done. And if someone had asked us both what'd happen right when it printed multiple trades at 2.47p, we'd have both given the same answer. Something like "Look out below!". I know my verbal reaction to seeing it included "Bloody 'ell!" and a lot of things I can't say here. But it rose to a level quite a bit above the long-standing support and did so on unusually high volume. Seems to be fading a bit into the stretch, though, on low volume. I think right now it's just a waiting game. I would expect that the release of the interims will have it substantially up or down. Flip a coin. I don't think it's going to land on the edge. If options were available, April puts and calls at the same strike would probably be a real winner. For my own part, though I intend to continue to accumulate, I'm never in love with a company or its stock; even one I'm part of. So though I'll be able to start buying again after interims, if they're bad and the stock takes it on the chin, I'll stay out of the way and not step back in until it seems to have stabilized again. I won't mind chasing it up though. Despite my having taken a sizable position at 3p in the acquisition, it's trading right around my average basis right now so I won't mind averaging up if that's the opportunity that presents itself. Profits and dividends (from other positions, of course) have given me some more funds I'm willing to deploy here, but I'm going to be patient about it.