Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 15.48

+0.2%

10:38 AM EST

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To: Charles Tutt who wrote (673)	12/2/1997 2:29:00 PM
From: Tom M	Read Replies (2) of 5944

And perhaps the WDC warning - didn't ADPT move down with them last time they warned? Also TA was starting to look bad, we have a down trend when looking at the last 3 recent highs, and today will most likely close below the 50 day moving average. Looking at the 6 month chart, the last three months really show heavy volume down days and much lighter volume up days. I'm also wondering if they're reading Asian problems into this stock. There would be more pricing pressure but Adaptec doesn't really have much competition in its area as far as I'm aware. Comments on Asia anyone? Slow takeoff of CD/R CD/RW (& DVD implications) on the desktop. I expect great things for Adaptec from this area "at some point", the question is when. Doesn't seem like much of an Xmas push, IMO. Last thing that sellers may be considering is the anticipation of the end of favorable tax treatment Adaptec has (in Singapore?) Any ideas of where this is heading out there? We've certainly seen before that big money moves this stock in whichever direction they're positioned for. regards, Tom (trying to figure this out - again)

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