Some Questions for All the Longs !!
- Today's price action, in my opinion, has changed the sentiment a full 360 degrees for AFI. What was a "buy on the dip" story is now turning into a "sell on the strength" nightmare. A lot of you have provided your own logic around the "what" and the "why" it happened. But I have a few questions for all the longs on the board.
1). Why was there a need for VDL to exercise warrants at this stage when, according to some, "people" were lining up to give money to AFI.
2). There was already a lot of hype and optimism built in the stock which I think is slowly fizzling out as reality is hitting stock price. What "Big News" will provide a trigger for the next "up" move.
3). Once the "Big News" is out and reality hits back again, how will the stock price react to it.
Bottomline is, that AFI is, at best a "long term speculative" play at this point in time. It will provide a lot of opportunities on the way to accumulate positions. Stay patient and as they say "Don't try catching a falling knife". Wait for the selling to abate and the momentum to turn back to a positive one. Till then, this is a "day trading" stock.