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Technology Stocks : ADTRAN !?!
ADTN 8.750-0.7%Dec 26 9:30 AM EST
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To: TelecosmFan who wrote (567)10/14/1997 11:10:00 AM
From: Hank   of 766
 
Ed,

Don't forget that PAIR rose on it's earnings announcement too only to drop 3 pts in the following days. I wasn't all that impressed with their earnings. Some factors actually looked worse than last year. Plus, the announcement was unaudited which always leaves open the possibility that the books were cooked. I'm staying short until I see what the rest of the week brings. The stock needs to break inot the 46 range to effect a true resumption of an uptrend. I still just don't see it happening.

Hank
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