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

To: Paul Shread who wrote (568)7/1/1998 12:04:00 PM
From: MGV  Read Replies (2) | Respond to of 3299
 
First off, I have thought this is a good company in a great business. The management has great industry experience and track record. The product has great international market value and they seem top have carved a niche area out in telecom equip.

What bothers me more than China and more than the CEO resignation is the lost contract to GTE. Who won that contract and why did they win it? I know there is competition but, AFCI has done business with GTE.

Any thoughts?



To: Paul Shread who wrote (568)7/1/1998 12:08:00 PM
From: Spaw  Respond to of 3299
 
Paul-
Fundamentals mean nothing on a day like this.
The stock is ridiculously oversold. With these situations I just go in large and get out the same day. (As a trader)
From an investor's standpoint, I would wait a few weeks until the dust settles.

--spaw--


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