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Technology Stocks : Adaptec (ADPT)
ADPT 17.59+3.8%Nov 5 3:59 PM EST
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To: Tom M who wrote (1401)3/26/1998 6:47:00 PM
From: Starowl  Read Replies (1) of 5944
 
Tom: I had planned to add to my holdings at about $20 and did so at 20 1/8.

Hard to say where it's going from here. It's half the price I paid in December, when I thought it was a bargain. Very interesting situation now. I agree with Charlie about "window dressing" as an explanation for this downward trend. We--the small investors--aren't affecting the price. Institutions, I think, are pushing for a bottom, working on warnings from related businesses and jitters from Adaptec's spending on technology and facilities. We should take advantage of the game.

Starowl

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