Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 16.72

+3.9%

3:59 PM EST

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To: Starowl who wrote (3110)	7/23/1998 9:04:00 PM
From: Investor2	of 5944

Re: "Investor2 and I were each off $0.08, in different directions." Hmmm. I'm usually an optimist on things, but I guess I wasn't looking through my usual rose-colored glasses when I made the earnings projection. I noticed that some on this thread sold before earnings, while others sold short. My hope is that the CFO/Treasurer departures scared away many who were bordering on selling. Perhaps the departures also attracted enough speculators who are hoping to get a quick profit by shorting the stock. Based on these suspicions, I will guess that any drop from here will be met by short covering and that we are very close to the bottom. Best wishes, I2

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