ADC Telecommunications Message Board

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Technology Stocks : ADC Telecommunications

ADCT 4.000

-2.7%

1:51 PM EST

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To: Howard Bennett who wrote (875)	7/29/2000 3:57:01 PM
From: jmanvegas	Read Replies (1) of 1944

Many stocks are priced for perfection. However, there is a 2 month base from the mid 30's to the low 40's where the 50 DMA is. Another longer base from the low 30's to mid 30's is where the 100 DMA lies. Going back to the 200 DMA is a major debacle for this stock which essentially would crush it and leave it for dead for quite awhile. ADCT would really have to disappoint on its upcoming earnings, its forward looking statements, or some stupid mega-merger which is not accretive to its bottom line. The mergers you mentioned are already reflected in the price of the stock. If Naz continues to tumble into the May lows or the Fed continues to hike rates in August and beyond, maybe you'll be correct. But when the Naz crumbled in March, ADCT went up and bucked the market. Sure it came down in April-May but only slightly below its 50 DMA. If you see or know of something negative on the horizon that could move ADCT down to its 200 DMA, I sure hope you would share it with us. Good luck. jmanvegas

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