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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (11262)2/4/1998 2:20:00 PM
From: Andrew Vance  Read Replies (3) of 17305
 
*AV* -- Calling all TA'ers. I have been trying my hand at TA and used a very non conforming stock as my first shot.

ADPT - because of its dramatic fall from the 30s, it has no base established in the high 20s. I see resistance at 24 and maybe minor resistance to 26 but it looks like it fills a gap to 32 without effort. Obviously something is screwy here. We are getting close to 24 and its first resistance level. I am inclined to hold for a move to 26 but if it gets through that, is it really a rocketship to the low 30s with little to no resistance???

Gotta know this one since I am sitting on some ADPT CALLs that coudl go into orbit with a move to 32 or more.<GGG>

Andrew
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