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: Camron Rafizadeh who wrote (1359)	3/25/1998 4:57:00 PM
From: Tom M	Read Replies (2) of 5944

Camron re: "Large blocks in one shot, usually not at down tick". They can only short on upticks, and as I write this after close, I'd speculate they were once again following the golden rule "short the acquirer". I thought all the bad news was out and added yesterday. ADPT has always made a lot of successful acquisitions, it's just now they're buying on "margin". I have a sad feeling looking at the charts, that 20's almost a given for the first round of covering, unless that's the second leg they short on down to 18. Have witheld from the "straw poll" previously, but now with new info... Only thing that I see as a potential positive in the short term is an announcement of selling the Symbios fab once the deal closes to get some cash. That won't be too soon.

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