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Technology Stocks : ADC Telecommunications
ADCT 4.010+2.3%3:59 PM EST
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To: Howard Bennett who wrote (931)8/24/2000 11:03:44 AM
From: mike cobble   of 1944
 
Short squeeze? Just looks like the typical trading day for ADCT to me. 9 analysts reiterate buys or start new buys last week, the stock is 20% off it's recent high, just looked like a good buy. Hard to short a stock with this kind of price trend which ADCT has. Easy to short a stock before earnings if you have an idea what those earnings will be. I'm looking for a bounce off the 35 area and yesterday was pretty close, perhaps that signals the bottom or we get a short term recovery and then reset the mid 30 range. Good luck. m
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