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Technology Stocks : ADTRAN !?!
ADTN 7.890-1.7%11:16 AM EST
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To: TelecosmFan who wrote (585)10/20/1997 3:11:00 PM
From: Hank   of 766
 
Ed,

I covered today too at 40 but only because ADTN looks like it may rally back to the 42 level this week. I did not go long again because the overall picture still doesn't look that bullish to me from a short term perspective. ADTN has still failed to undergo a legitimate correction back to the mid 30's. Today's rally is just a reflex reaction to last weeks heavy selling. Once ADTN is back up over 41 1/2, I think it's still a short sell candidate. The only thing that could change this picture is if some significant buying comes back into the stock this week. Otherwise, all you're watching is trader action.

Hank
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