Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 15.91

-2.0%

Jan 2 9:30 AM EST

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To: Gary Burton who wrote (3172)	7/25/1998 1:15:00 AM
From: zax	of 5944

...with say 2$ downside and 12$ upside on a momentum reversal, why anyone in their right mind would continue to sell down here sure escapes me. Agreed. I thought AMZN just couldn't get any lower when I "bottom fed" this one up. Now I'm averaged down to $16 and change a share and looking like a dope for my average down buy, which was at a price now 17%above the current valuation. Lest I remind myself... never throw good money after bad :( Some lessons are so hard to learn. I'm long on ADPT till the cows come home, but it sucks to not have not gotten the best price. I visited their booth at PCexpo in New York last month. Cool products... happy empoyees. They didn't seem at all concerned about the stock performance... more about selling fiber channel, PCMCIA SCSI controllers, and their newer higher bandwidth ultra-wides :) Confident ADPT is a winner, but still trying to work out this darn timing thing... :)

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