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Technology Stocks : Advanced Digital Information Corp. (ADIC)
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To: Carolyn who wrote (1968)5/23/2000 6:38:00 PM
From: Scott H. Davis   of 2283
 
Carolyn, FYI, 1st time I bought ADIC was at 16. Watched it go to 20, the down to 6+ (all pre-split) before the climb. We're in a bear market. Since the early 80's, all bear markets have been associated with rising interest rates. The big question at this point is how much inflation & rising interest rates have already been priced in? The market overreacts. Jan/Feb we had bullish excess & a load of overbought stocks. Market may well decline more, but at this point, there are bargins for long term horizons. In the meantime, one can take advantage of the volitility for short term trades. IMSCO Scott
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