SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : ADFLEX SOLUTIONS ( AFLX ) -- Ignore unavailable to you. Want to Upgrade?


To: Paul Viapiano who wrote (122)10/21/1997 6:06:00 PM
From: Kent Sarikaya  Read Replies (2) | Respond to of 718
 
Today was surprising a bit. I thought we would have drifted sideways a day or 2 between 27 and 28 for the consolidation. I think for us to have a good run up we need to consolidate a few days below 30 so we could have a strong breakout when the 50 day moving average got crossed by the 10 day moving average, which it looked like it was about to do in a day or so.

I think today's low volume was a good sign. The big money went into the recently tumbled stocks, KLIC, KLAC, LRCX etc. They will rotate back into us again and hold on. The recent earnings report had good forward looking statments and managaments ability to be profitable when others in the field can't, has had to have drawn attention and will be rewarded.

Before the earnings report, I think AFLX had established a new base from a dramatic rise in price the last several months, so it is poised to have another run to a new trading range. I think we will test 40 this quarter for sure and quite possibly by the end of October. Before I thought 35 would be the top this quarter, but when you look at other companies that have moved like AFLX, a move from the low to mid 20's to the 40's is not that uncommon. In addition, there are a few very positive articles out on Flip Chips. You can read them at Joe Dancy's
Lone Star Growth Investor Site.
members.aol.com