Adaptec (ADPT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Adaptec (ADPT)

ADPT 17.46

+2.1%

Dec 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Starowl who wrote (891)	1/19/1998 12:05:00 PM
From: norm chin	of 5944

"I couldn't agree with you more about the current valuation. That is why I bought more after watching the price drop 60 percent in six weeks. Unfortunately, I also bought more on the way down, obviously thinking it had just about hit bottom at 40. With my recent purchase at just under $20, at least I can see some growth as it recovers..." Starowl, it's extremely likely that you will not only recover your loss in ADPT but will be rewarded by a seizable profit (in % terms) if you are willing to hold for a year or two. As a rule, I limit my investment in technology because of the high volatility. However, because of recent development which presents us with an unusually good buying opportunity, I sold all my long term holding in JNJ and use that money to invest in cos like ADPT. None of us know for sure which of these tech cos will be big winners but if we do our DD and invest in different areas of tech which are current grossly out of favor we will, most likely, beat the S&P rate of return handily. Best of luck to you. norm

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next