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Technology Stocks : Adaptive Broadband (NASDAQ:ADAP)
ADAP 0.0502-1.2%Oct 31 9:30 AM EDT

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To: Sword who wrote (179)11/13/2000 9:10:11 PM
From: Bosco  Read Replies (1) of 215
 
Hi Sword - it is possible. However, there are several factors involved in my decision to eject this holding from my port.

1. I believe it is indeed a good deal for WMUX. I ve actually checked out that stock quickly. I see not a whole lot of history there. The trouble I ve is that the fate of ADAP share price is now dependent on WMUX, as they are likely hedged together

2. WMUX is too new to give me any idea how it will behave.

3. Margin man cometh!

4. With a free falling tech, there are plenty of candidates I know. I am not about to start over figuring out what kind of outfit WMUX is.

5. I was expecting ADAP to go much higher, at least in the 30s! The fact that it sold itself out for such a low premium has suggested to me that I ve made the wrong assumption. I trust ADAP insiders are more knowledgeable than I am. If they are not to bullish about their own co by selling it out this way, at the bottom of the mkt with such a woeful premium to a newly listed co, I think existing shareholders should make the worst case scenario

Hence, I bite the bullet. Incidentally, this is the 2nd time I lost on ADAP. So, probably I won't be back

best, Bosco
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