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


To: E_K_S who wrote (2010)3/23/1999 5:34:00 PM
From: Douglas V. Fant  Respond to of 3299
 
Eric, That's what I suspected was happening- someone selling naked puts @ 7 1/2 and the pocketing the $$. If you look at a chart of AFCI the $8/share resistance level looks pretty firm. Barring unforeseen fundamental news that alters the business piture, it's a reasonable bet that AFCI wil not go below 7 1/2/ share and if it does it's not a bad stock to own at that price.....

Sincerely,

Doug F.