Afop

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  • Lucavia123
    Senior Member
    • Oct 2011
    • 534

    Afop

    AFOP has seen a big drop the last two days. Is this a great buying opportunity or a sign of weakness? Volume isn't clear to help with the situation. Earnings are out in 2 days and numbers are expected to be good. That being said it may be priced into the stock already.

    Anyone have any thoughts on this company? This stock?

    Thanks.
  • mrmarket
    Administrator
    • Sep 2003
    • 5971

    #2
    Last quarter revenues look really attractive. Was there a merger that accounted for that?
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

    Comment

    • billyjoe
      Senior Member
      • Nov 2003
      • 9014

      #3
      Lucavia, AFOP was #7 out of over 8000 screened on my Top 25 thread. The Street seems to like it but also reports another source calling it a dead cat bouncer today. Vectorvest rates it highly as does Zacks. It is in a strong group, 9th of 265. It has had 2 strong sales revision upgrades in the last 30 days although earnings won't be known until report Thursday so it remains a questionmark. Is it worth taking a chance? I'd say yes but not bet the house on it.

      --------------------billy

      Comment

      • Lucavia123
        Senior Member
        • Oct 2011
        • 534

        #4
        Originally posted by billyjoe View Post
        Lucavia, AFOP was #7 out of over 8000 screened on my Top 25 thread. The Street seems to like it but also reports another source calling it a dead cat bouncer today. Vectorvest rates it highly as does Zacks. It is in a strong group, 9th of 265. It has had 2 strong sales revision upgrades in the last 30 days although earnings won't be known until report Thursday so it remains a question mark. Is it worth taking a chance? I'd say yes but not bet the house on it.

        --------------------billy
        I hope you are right. I bought some yesterday attempting to catch what I thought was the bottom and enjoy a bounce up into earnings. Almost sold today at $20.30 but hesitated and when I got back to check again it wasn't worth getting rid of. It does have spectacular numbers but I have always hated holding through an earnings report. No matter how good a company is or how great the numbers you never know how the street will reach.

        Tomorrow's price action will decide in the end. Wish me luck.

        Comment

        • Phoenix7
          Senior Member
          • Nov 2011
          • 3663

          #5
          My Program had AFOP listed as a RED SELL om 10/8/13 then on 10/17/13 It shifted to a yellow hold .........it looks to shift to GREEN Buy any day now!

          Comment

          • Lucavia123
            Senior Member
            • Oct 2011
            • 534

            #6
            Another big hit today. The open was brutal. Since then it has regained its 50 DMA which is positive. With earnings tomorrow this is till anyone guess but... with being down 15% in 2 days I am hoping any bad news is priced in already.

            Comment

            • Phoenix7
              Senior Member
              • Nov 2011
              • 3663

              #7
              Originally posted by Lucavia123 View Post
              Another big hit today. The open was brutal. Since then it has regained its 50 DMA which is positive. With earnings tomorrow this is till anyone guess but... with being down 15% in 2 days I am hoping any bad news is priced in already.
              My computer program flashed RED Or SELL today for AFOP.......not to say that tomorrow it may bounce back to YELLOW Or HOLD? WHO KNOWS? But right now I would not be buying.

              Comment

              • Lucavia123
                Senior Member
                • Oct 2011
                • 534

                #8
                Originally posted by Phoenix7 View Post
                My computer program flashed RED Or SELL today for AFOP.......not to say that tomorrow it may bounce back to YELLOW Or HOLD? WHO KNOWS? But right now I would not be buying.
                I think earns tomorrow will be the deciding factor on this one. Fundamentally it is a sound stock which is actually undervalued. If it can beat earnings the rise should be nice... if it meets expectations it may tread water for awhile. I hate hinging things on earnings. Way too unpredictable.

                Comment

                • Lucavia123
                  Senior Member
                  • Oct 2011
                  • 534

                  #9
                  Originally posted by Lucavia123 View Post
                  I think earns tomorrow will be the deciding factor on this one. Fundamentally it is a sound stock which is actually undervalued. If it can beat earnings the rise should be nice... if it meets expectations it may tread water for awhile. I hate hinging things on earnings. Way too unpredictable.
                  Seems AFOP pulled off a great quarters. Earnings were strong and they raised guidance. Is it enough to pull it out of the monumental plummet... I dunno. But it does seem the huge amount of selling was without real cause. From almost down $2.00 today to being up .27 cents after hours. Good sign!

                  Comment

                  • Lucavia123
                    Senior Member
                    • Oct 2011
                    • 534

                    #10
                    Originally posted by Lucavia123 View Post
                    Seems AFOP pulled off a great quarters. Earnings were strong and they raised guidance. Is it enough to pull it out of the monumental plummet... I dunno. But it does seem the huge amount of selling was without real cause. From almost down $2.00 today to being up .27 cents after hours. Good sign!
                    AFOP really pulled it off. Sold my shares today for a cool 10% profit. Didn't feel like being greedy after not following my rules and sitting on a pretty decent loss yesterday. I got lucky on this one. As a trader you need to always have rules an follow those rules. Good lesson learned in this stock.

                    Comment

                    • Lucavia123
                      Senior Member
                      • Oct 2011
                      • 534

                      #11
                      Watch Alert!

                      AFOP is way down with no good reason. Does not mean it should be bought now but might want to watch it for the reversal. Stock is well valued.

                      Comment

                      • Lucavia123
                        Senior Member
                        • Oct 2011
                        • 534

                        #12
                        Originally posted by Lucavia123 View Post
                        Watch Alert!

                        AFOP is way down with no good reason. Does not mean it should be bought now but might want to watch it for the reversal. Stock is well valued.
                        Looking at Level II and the stocks movement and I think the bottom may be forming. $17.00 may be the point where this stock bounces back. Don't know for sure but good to keep an eye one.

                        Comment

                        • Lucavia123
                          Senior Member
                          • Oct 2011
                          • 534

                          #13
                          Originally posted by Lucavia123 View Post
                          Looking at Level II and the stocks movement and I think the bottom may be forming. $17.00 may be the point where this stock bounces back. Don't know for sure but good to keep an eye one.
                          This one is down big again today but this time it is on little volume. PE is only 18, forward PE only 14. This is way below industry average.

                          Not promising this is going up but... there is little reason for it to stay down long. Watch for the reversal. I think it is coming soon.

                          Comment

                          • Duniyo
                            Senior Member
                            • Oct 2010
                            • 199

                            #14
                            Still in free fall mode

                            Comment

                            • Lucavia123
                              Senior Member
                              • Oct 2011
                              • 534

                              #15
                              Originally posted by Duniyo View Post
                              Still in free fall mode
                              You are so right. Perfect example of don't try to catch a falling knife. This thing sliced right through every support on its way down with little resistance.

                              In the long term it will be fine and do great but for now... 15 looks like a nice support but so did $20.00, $19.50, $18.50, $18.00 and $17.50...

                              Very oversold... huge value here but... Buy at your own risk.

                              Comment

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