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Technology Stocks : Adaptec (ADPT)
ADPT 15.44+0.1%Dec 12 9:30 AM EST
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To: David Lawrence who wrote (678)12/3/1997 12:01:00 PM
From: Tom M  Read Replies (2) of 5944
 
Dave re <ugly>, you ain't kidding. Remember the same 40 to 30 drop in April on no news either? Turns out that was one of the best buying opps of any stock - if you sold in the 50's of course. At the time, didn't mgmt point out there were "upside" surprises comming? I'm taking this as a buying opp and adding more since my earlier buy this AM, as I think they'd be setting themselves up as pushing the stock with that statement if there turn out to me severe problems.

If this were most companies, I would not be buying on a 10 point drop on no news. What's the consensus out there? Do you smell a rat or a buying opp?

thanks in advance for any discussion,
Tom
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