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Strategies & Market Trends : Rande Is . . . HOME

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To: Redman who wrote (26564)5/27/2000 12:36:00 AM
From: Wendisman  Read Replies (3) of 57584
 
ADAP....it is a core holding in my portfolio despite all the pain it has been trying to cause me....I have actually done what Rande describes as a hybrid approach to it....I hold a core of shares (that I have at a loss from the mid 20's but will not sell at this point), then I have a set amount of cash reserved exclusively for swing/day trading....during this market downtrend, I have been playing my cards close on just a few stocks that I know well....LPTHA ADAP SCON to name a few....
ADAP will be a major player someday and it will hold its stock value on its next run....and that is the problem, this ethereal someday....but I will be there with bells and whistles letting out a wild squeal and doing the hampsterdance.
On the technical side, I see it as heavily oversold....well, in this market, simply oversold.
Sounds as if you already know ADAP's product, so it's just a matter of having faith (very hard, I know).
I hear rumors on Yahoo of acceptance from large telecos, but you know how Yahoo can be.

Wes
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