ADC Telecommunications Message Board

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Technology Stocks : ADC Telecommunications

ADCT 3.280

-7.5%

3:48 PM EST

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To: JakeStraw who wrote (719)	7/19/1999 9:33:00 PM
From: PaperChase	Read Replies (1) of 1944

Calling all traders. Maybe someone can help me understand this. ADCT went to $44 today (easily) while last week (options expiration) they were snatching up the stock on every dip below $45. However, a review of in the money calls that expired last week did not show a large open interest. So why did the traders step back today? I didn't think they were trying to pump the price to support open options last week. I do realize LU and some other techs sold off, just not sure why ADCT gave it up so quickly. In any case, looks like a buy at $42 based on technicals. This baby will rock when HDSL2 is out of trials. ADCT is in the same pattern it was in when it went on to split 2 years ago. If HLIT and ADTN can trade at their valuations, then ADCT is good fer $56.

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