Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 15.76

-1.3%

Jan 9 9:30 AM EST

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To: Torben Noerup Nielsen who wrote (1685)	4/17/1998 12:12:00 AM
From: Johnathan C. Doe	of 5944

Torben, you are a wise fellow. I wouldn't say the same about the ill-informed negative respondant replying to most of my posts. Usually you get somebody like that on a thread when they bought the stock at $54 thinking it was ready to go to $100. When it doesn't, they think the company is junk. Often you get people who bought at the peak of a stock arguing with anyone how foolish they would be to buy the stock after it has crashed and fully bottomed. You should read many of the posts about how Cisco was crushing Ascend and that stock was a has-been momentum stock at $24. Examples abound! Netscape was going out of business when it was at $15. Briefings stated that CyberCash was a joke at $12 just one day before it started its run that is still going. My favorite personal example is how a well-regarded former CFO of a major international corporation whom has retired and plays the market now was explaining to me how there are no examples of anyone making money off the internet. I'm serious; that was a conversation I have less than 6 months ago. He hasn't said much about this subject in the last month.

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