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


To: Hector who wrote (1868)2/24/1999 7:12:00 PM
From: KM  Read Replies (2) | Respond to of 3299
 
Nationsbank cut revenue estimates for the first quarter. Panic selling ensued. Big big buying came in under 8. After crossing 8 on the upside, it was churned from 8 - 8 7/16 by daytraders the rest of the day.

Looks like a spike bottom to me. About five times normal volume and it had positive money flow after the first hour or so.

I bought at 7 5/8 and 8 1/8. Under 8 for sure seemed low risk to me in light of the heavy buying there. This ain't Dell, though, we may have to sit on these eggs awhile.

I bought my first ones at 4 and change several months ago.