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Technology Stocks : ADTRAN !?!
ADTN 9.020-3.6%3:59 PM EST
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To: Hank who wrote (518)9/12/1997 12:58:00 PM
From: Sam Armstrong   of 766
 
I really had to exit because I took 1/2 of my position (Sep 40 calls) at 3 1/4 back when it ran to 43 and later took the other 1/2 at
1 1/16. It was really kind of strange. I decided I'd bail at 1 1/4 after I saw ADTN trading down 1/4. Later I took a look and found that my broker got 2 1/6 for all of it.

I do think this is a real winner though. I wouldn't have bought it to begin with if it wasn't. The 52 week high is around 66. It will probably be in the mid to high 40's by mid October.

P.S. I don't have anything to go on but the fundamentals of the stock and the strenght of this sector. Good luck. Let me know when you get out.
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