Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 293.40

-1.2%

9:51 AM EST

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To: Stock Watcher who wrote (15718)	9/26/1999 11:14:00 PM
From: Boddington	Read Replies (1) of 52051

re: ADIC - new addition. Note that Thursday they announced a 5M share public offering at $28 5/8. That's 1/3 the float. On the bright side, they've spent and are spending wisely, the numbers are great, with revenues increasing every quarter for years, and the float is only going to be raised to almost 20M from 14.7M. 1/3 the existing float (5M of 14.7M) traded Friday alone around $27, and it has been in the $30s during September, falling in part with the markets the last 2 days and with news of more shares going out, which at least serves to establish support at these levels. A good buy in the high $20s for the long-term. quote.clubs.yahoo.com * I presently hold no ADIC, but did well since it split down to $20 in mid-August. I'll get back in when it crosses $30 again.

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