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Alliance Fiber Optic Products Inc. Message Board

  • tajctda tajctda Apr 25, 2011 3:36 PM Flag

    sold position at big loss

    Hate to say I lost pretty good on AFOP. why did I still sell today at $11/share despite buying at $16.30/share before last quarter? Because the stock went down for good reason after last qtr's earnings. the growth all of a sudden stopped and became very questionable. My experience has been that after a qtr like last qtrs, company's usually disappoint even more the next qtr. So I sold. And I'm even shorting a little here in the high 10's before the mkt closes. Maybe I'll be wrong twice, but I'm just playing based on my experience. As a whole, I make good profits, but I have a lot of volatility. Today's numbers should be interesting and frankly, I hope disappointing to longs.

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    • you did good, I sold after hours with 50 cents loss per share .
      only 1000 shares though. but better then 5 buck.
      for first time I see an honest post and that is good. becaus ethis borad are filled with crooks

    • You must have bought on the run up? They did not even miss last quarter the stock went down due to the forward guidence and the thing is the inventory build in the sector was confirmed by everybody so thats the reason the stock went from 20.50 to 9. I sure think it was over done the big picture was still there you can exspect afop to climb in the coming years, They went far in a small amount of time.

      Sorry for the loss I would have held through today but understand your side. Afop Float is way to dangerous if you ask me to short.

      I hope for us longs sake your wrong but good luck to you.

      • 2 Replies to allarndproducts
      • Yes, I did buy on the run-up. Hated watching my nice profit disappear so quickly on last qtrs earnings release. their numbers were a disappointment from most viewpoints. I just don't think that changes in one qtr. Also, Chang's comments were a little suspect which leads me to believe the numbers tonight are not going to be so good. So far only able to short a small amount of shares b/c I'm not willing to short below 10.90. And I would just cover anyway pretty quickly. I'm just betting tonight isn't so hot. We'll see. Just trying to earn a little back.

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