Advanced Digital Information Corp. (ADIC) Message Board

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Technology Stocks : Advanced Digital Information Corp. (ADIC)

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To: Jim Oravetz who wrote (1888)	5/3/2000 4:17:00 AM
From: Puna	Read Replies (2) of 2283

Hi you two, I have been very busy on other projects and have not made the time to do any proper research. As the price of ADIC has stayed down even through the little struggle rallies of late, I was mildly concerned. Todays major drop has me more concerned. I was really hoping you and Carolyn would have had this figured out by the time I could get back on line tonight! I see no obvious reason for the hit here, I did speculate to myself that perhaps we are still seeing profits shed on it. Because when you think about it, ADIC was still in the green for anyone who bought in at or below this level say in the fall or early winter. As everything else has dropped back hard I think a few traders have taken this opportunity to sell ADIC to cash-in and buy the stocks that have really hit bottom again. I don't know. Could be just some sector rotation hits, storage has been out of favour with the big league since they played it hard Feb. & March. We have a good company here and in an area that is just taking off big time and is now , as you say, becoming a serious requirement. The last time (back in normal days before the Correction Monster got off the chain again) we saw this sort of drop some months back, I loaded up on it and within two days it was way up and holding...stock manipulation I say, but who knows. This may be a little slower year for the whole Tech market, but whoever does survive will need storage! Good luck, Puna

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