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Technology Stocks : ADTRAN !?!
ADTN 8.800-0.3%Jan 9 9:30 AM EST
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To: Don Dodge who wrote (573)10/14/1997 11:05:00 PM
From: Hank   of 766
 
Ok fine. So they haven't doen anything suspicious. I'll take it at face value that the numbers are correct. Be that as it may, the stock will follow the same pattern as the rest of the industry. If you check the charts on PAIR and WSTL, you'll see both are now breaking to the downside. WSTL was first and now PAIR is following. WSTL, PAIR, and ADTN have traded upward in step with each other over the last few months. ADTN may be lagging behind but it will follow the others soon. PAIR crossed it's 30 day MA to the down side today. A drop to the 39-40 region for ADTN will happen by next week and cause it to drop below it's 30 day MA. Then it's back to the mid 30's or lower.

Hank
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