Will be relieved to be positive again. Had
thought to buy at the open and sell when then the
remainder of yesterday's surge petered out, but basically
ended up buying at the peak. My very short instincts
(intraday) stink, but my short ones (2-4 days) aren't bad.
My philosophy is that big money (institutions, etc,
not analysts) buy for a reason and they know more and
earlier than I could ever know (with my limited resources
and time) about the fundamentals of a company. So the
lack of "public" news doesn't bother me that much.
Obviously, someone thinks they know something very good
about the company and they've backed it up with a lot
of money. I don't think they would make that kind of
a bet just for a few dollars profit.
looks like 11 3/4 or thereabouts is a resistance
could be shorter, which i hope of course,
the more shorting
coming in the high 11s will
depress the price, which is in
my interest of
i'm holding out another day given most of the day has
in a down trend or sideways in the 11 3/8
gap up again on wednesday morning, is very
likely...this pattern is persisting...gap ups everyday..get in
before the close, and sell in the am if you like.afci
should move north again by 330pm or so... .if the market
breathes today , which the jury is still out, it should
reboundtomorrow, or continue todays strength, rick
..its a game..the big boys lead you to ciena and
pair...they get the media attention and the buyout rumors..we
stay silent till the end...then the general population
piles on , but not till the big boys decide it is the
right time..were showing slower quieter strength and
may just move positive today...rick
I cannot stand about you! Why dont you keep your
opinions to yourself and share solid news or information
on afci. I remember a week or so ago I was at my
brokerage firm and a news release came out about the bell
contract and you downed it and downed it until you couldnt
down it anymore. Try to be alittle more open minded
and give current information and I will respect you
I am LONG on afci til 25! Go AFCI
<<Carl Grivner, former chief executive of
U.S. phone company Advanced Fibre Communications
(AFCI) and presently in charge of Cable & Wireless PLC's
(CWP) U.S. operations is facing allegations of insider
dealings and deceiving investors, according to an article
in the Observer.>>
Good. I hope they
nail his ass. They should split up all his profits
among the "little guys" that got hurt by his actions.
May he burn in corporate hell.
Cable & Wireless Executive Faces Lawsuit -
LONDON (Dow Jones)--Carl Grivner, former
chief executive of U.S. phone company Advanced Fibre
Communications (AFCI) and presently in charge of Cable &
Wireless PLC's (CWP) U.S. operations is facing allegations
of insider dealings and deceiving investors,
according to an article in the Observer.
Fibre shareholders have filed a lawsuit in the U.S.
against Grivner, alleging that he failed to disclose loss
of key business and instead talked up the company's
prospects earlier this year.
While share prices
soared, Grivner and other directors are said to have sold
1.6 million Advanced Fibre shares at an average $37 a
share. Following a profit warning in June, the share
plummeted by more than 50% and Grivner resigned
to join Cable & Wireless, the Observer article
On June 30, Advanced Fibre shares closed at 40
1/16. On Friday, the shares closed at 9 11/16.
A Cable & Wireless spokesman couldn't be reached
for a comment.
THIS MAY ACTUALLY BE OLD
NEWS, JUST THE ENGLISH PRESS PICKING UP ON CLASS ACTION
SUITS HERE, OR IT MAY REPRESENT A NEW LAW SUIT