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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 695.40

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To: drsvelte who wrote (24422)	11/27/1999 5:19:00 PM
From: Johnny Canuck	Read Replies (2) of 70347

Doc, I am not sure if you are still holding ADCT. ALA mentioned in there conference call that xDSL should take off next year. If ADCT can show that they are poised to capture a portion of the market and are continuing to make in roads with their cable telephony product, it could move to a new higher trading range. The whole group will be under more accumulation soon in preparation of the traditionally strong Q4. ******************* ******************* moneycentral.msn.com ADC Telecommunications (ADCT), which I hold because of the company's purchase of Jubak's Pick Saville Systems, hit my $55 target price for June on Nov. 18 and then pulled back below that level in Monday's pre-turkey day profit-taking. The company is due to report earnings on Dec. 1, and since it has surprised in the last three quarters, I think there's a good chance that the stock will run up into earnings. I'm inclined to hold it for a few more days anyway.

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