RE: Down for a reason...Have to disagree. Remember, AF is a thinly traded stock with a low float. 12M shares out, Mr. M. has half, teachers another 17%, other institutions own a chunk. Yes, breakdown was due to technical reasons, and probably one catalyst seller. Since it is thinly traded it could have hit anywhere on any given day. Look at today, $130,000 in dollar volume and its up $0.28--and that's still with the weak hands selling. Once the board goes quiet, I could probably push it up $.50 with just 10K shares. Look at the average daily volume, it just plugs along with a few happy buyers and sellers. Sure, anyone could rock the boat if they wish to buy or sell more than about the average volume.
On a normal stock, yes, it would take alot of time of base building before being able to move up at all. With AF, I don't know how to read it, time will tell. However, most people usually buy in with partial positions, so this is a good point for 50% entry regardless. Remember, the market is usually a good evaluator of companies, i.e. fundamentals count. If the AF story and biz model hasn't changed, it won't take the market long to bump this back to $5.00 regardless of what technically has occured.
O.