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

To: Hoatzin who wrote (121)	5/3/2007 9:30:03 PM
From: Done, gone.	Respond to of 139

Indeed. Good luck to the paper holders here, looks like bottoms up. Cheers!

To: Hoatzin who wrote (121)	5/4/2007 2:15:11 PM
From: SI Bob	Respond to of 139

I'd have thought thruppence as impenetrable a ceiling as 2.5p should've proven a thin flooring over a bottomless pit. And, like yesterday, Yahoo Finance and ADVFN show different closing prices. With the mini-chart on Yahoo showing it closer to what ADVFN shows as the last trade. The price movement itself isn't all that surprising, I suppose. "Get in before the Yanks because they're crazy when it comes to dotcoms." The timing is. It was a very delayed reaction. I'm going to be very interested to see how the ADR's do not only for my own financial condition (well, on paper -- my buy/sell decisions will be based more on the calendar than price and no selling planned for a long time) but to see if they become the tail wagging the dog as is strongly the case with ELN. On one hand you've got ADR's trading in a country that views dotcoms relatively generously and very large populations of market participants who use the company's products. On the other hand, the same has been true in the UK but more so. ADVFN's usually shown as one of the top 300 sites in the UK. And the ADR's will be trading in a market that can strongly punish companies that take too long getting 'round to making a profit. Either way, it's going to be interesting to watch. And I've got funds in an online brokerage earmarked for the ADR's, and would like to be among the first buyers, but not if the spread is ridiculous. And, really, it's anybody's guess how much of the user population of our sites even knows we're now owned by a UK company. Dave and I can attest to the fact that it was inconceivable that anyone on SI didn't realize we were going to drop portfolios a long time ago but when we did, we were inundated with people who had no idea.