Johnathan, do I detect a bit of optimism?? Seriously, I totally respect your decision to sell half (or all ADPT shares) and / or retreat to the sidelines. The techs look very sloppy, semi's are getting hammered, and Indonesia's economy just collapsed. I am not trying to convince you or anyone else to purchase ADPT stock (well....I wouldn't argue if the institutions decided to "back up the truck").
As I buy more shares I do more research, and I like what I see very much. It seems like ADPT has essentially covered the bases whether the standard is SCSI, Fibre Channel, IEEE 1394, or something else. The only thing that I see that could drive the price to the absurd levels discussed of $10 - $12, would be a warning from management that the current quarter is far worse than anticipated, and the "recovery" slower. Also perhaps if the Symbios deal collapsed. I have a call into IR and will report anything pertinent I can learn to the thread.
Waiting until the stock shows some signs of upward movement, good news, or confirmation that the quarter isn't going to be worse than expected (flat) before jumping in or adding shares is clearly the smart more conservative strategy. Personally, I have employed the catch the falling knife approach. FWIW, I executed 4 purchases Wed. - Fri. ($18 1/8, $18, $17 1/16, & $16 5/8) effectively doubling my position and vaulting ADPT to my #1 hold.
Larry |
