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Technology Stocks : ADTRAN !?!
ADTN 8.670-1.0%3:59 PM EST
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To: TelecosmFan who wrote (562)10/12/1997 4:43:00 PM
From: Hank   of 766
 
Ed,

You may want to point out that even though PAIR beat estimates by 2 cents, it has NOT resumed an upward trend. In fact, the flow of money OUT of PAIR has increased since the earnings announcement and it will probably see a significant sell off in the not too distant future as well. Both stocks are currently over priced and most people know it. Since they have both lost their upward momentum, there's no reason to buy in now but every reason to sell if you're a trader. If you're not and you want to hold this stock for the next ten years, that's fine too. But, the short term signals clearly say SELL.

Hank
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