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


To: E_K_S who wrote (1354)12/10/1998 2:34:00 PM
From: Douglas V. Fant  Read Replies (1) | Respond to of 3299
 
Gang, here's another technical reason why AFCI may be bottoming. Check the price action versus volume over the last five trading sessions_ note that as volume accleerated to the down side each day over the last five days, however do note that the percentage downward movement in the stock price increased. This suggests that selling may be climaxing, and that we will enter a new phase shortly.... Sincerely, Doug F.

Date
Close
Change
Day High
Day Low
Volume
Dec 09
7 1/2
- 1/2
-6.25%
8 1/16
7 1/2
3,571,700
Dec 08
8
- 1/2
-5.88%
8 5/8
7 13/16
3,166,100
Dec 07
8 1/2
- 5/32
-1.81%
9 1/8
8 1/2
2,463,300
Dec 04
8 21/32
- 3/32
-1.07%
8 7/8
8 1/2
1,215,600
Dec 03
8 3/4
- 5/16
-3.45%
9 1/8
8 5/8
1,617,200



To: E_K_S who wrote (1354)12/10/1998 5:35:00 PM
From: CChalmers  Read Replies (1) | Respond to of 3299
 
A recent AFCI SEC filing about the election of directors suggests to me that the TLAb director, Brian Jackman, is no longer on the Board. There used to be 7 directors. The filing discussed only 6 and none of them were Jackman. I assume that they are holding the 7th slot open for the new CEO; the old one was a director.