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Advanced Fibre Communic. (AFCI) Message Board

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  • runlong_1999 runlong_1999 Oct 20, 1999 5:56 PM Flag

    Link to Upgrade/Downgrade

    It is hard to believe that AFCI fell $3+ on a
    downgrade when several other analysts upgraded or
    reiterated positives.

    But I have a feeling that this
    Conrad guy downgraded AFCI with a mind full of ulterior
    motives, none of which were based on AFCI's fundamentals.
    This is only my hunch, but look at it this way. He had
    a price target of $21. The stock was already near
    $25 and without his downgrade may have gone $1 to $3
    points higher with all the other upgrades/reiterations
    (and now the positive article). He knows damn well he
    would have looked like a fool with a $21 price target
    and the stock at $28.

    Well, we can only hope
    that in the long run this drop gives us the ability to
    move up higher and stronger.