Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 17.33

-0.2%

Nov 3 3:59 PM EST

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To: Doug who wrote (1208)	3/17/1998 5:53:00 PM
From: Mark	Read Replies (1) of 5944

Doug, Whats your floor assuming the Market echoes your sentiment.? Let me preface the following with the clear warning that I am not a professional, that I am still learning this stuff and that I have never accurately picked the exact top or the bottom of a stock's price ! Historically, ADPT doesn't seem to have traded lower than a PSR of 2 or a price:book of lower than 2 3/4. So, based on the trailing twelve month figures of $1.07Bn in sales ($8.25/share) and a book value (per share) of $6 3/4, the "lows" would be $16.50 and $18.50. This would suggest that emotionally, the price should not fall below about $17. There are a number of reasons why it would never fall this low, and a number of reasons why it could go a lot lower. I am NOT going to even guess where it might end up - there are people far smarter than me in this world who would probably have a far better idea. The only observation I'll make is that I have had a ton of stocks in a "negative" situation, which have declined for many months before they have turned. This is not intended to be unduly pessimistic, it's just that I can't see any confidence being able to return here until a few fundamental questions are answered. Mark

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