>>> Seems to me ADPT is on sale and clearly represents opportunity. It may or may not bumble around for a while as the short termers do their thing, but who cares? That is just so much noise. On the other hand, i might be wrong, but you can't swing at a pitch without risking something. <<<
Thanks for your kind words. Warren Buffet makes mistakes too: selling US Air at the bottom, for instance. I'm not a long term player and don't want to find ADPT's bottom the hard way. Many tech stocks fizzle after a long run up and never (2 or 3 years is the same as never to me) again reach former highs. Even IBM lost over 75% of its stock value and was in the doldrums for many years. It's only within the last few years that IBM has started it's recovery, and at today's price, is still only 41.33% above it's high in January of 1991.
Warren buffet has also been quoted as saying that "the stock market is a voting machine," and I agree.
I am long ADPT, though, and do believe with you that we have probably seen the bottom. But, what reason is there for ADPT's stock price to go up? After all, even your post indicates that ADPT's 5 year projected growth is slowing.
--Dave |
