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Technology Stocks : Adaptec (ADPT)
ADPT 13.72-2.6%Nov 17 3:59 PM EST
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To: w2j2 who wrote (1973)5/1/1998 7:11:00 PM
From: Maverick  Read Replies (2) of 5944
 
I talked to friends at ADPT. They believed the 19 support was likely taken out, the stock could dip to mid teens. I tried to warn people here from my earlier posts to no avail for they thought I shorted the stock. The MMs did a good job faking investors by pushing the stock to a ridicously high of 24 while the fundamentals eroding fast. Some ADPT employees think the stock will be in the doldrum at least for 6 mos. If you want to average down, wait until mid teens.
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