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Advanced Fibre Communic. (AFCI) Message Board

  • chiman63 chiman63 Oct 30, 1998 3:51 PM Flag

    PEGA, check out. strong coming back

    But routers wronly reported news, now down 6. Coming back

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    • 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
      right now.
      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
      course.

      i'm holding out another day given most of the day has
      been
      in a down trend or sideways in the 11 3/8
      range.

      Raven

    • We should be positive today again.

    • 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
      more.

      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.

    • Old news.

    • Cable & Wireless Executive Faces Lawsuit -
      Newspaper

      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.

      Advanced
      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
      price
      plummeted by more than 50% and Grivner resigned
      to join Cable & Wireless, the Observer article
      said.

      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

    • Highest weekly close in 2 months. Strong bounce of double bottom in the right industry right now. Teens this week!

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