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Technology Stocks : Adaptec (ADPT)
ADPT 14.09-0.4%Nov 14 3:59 PM EST
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To: Zeev Hed who wrote (2231)5/16/1998 12:29:00 PM
From: Larry J.  Read Replies (2) of 5944
 
I'm not much of a chartist, but look @ a three year chart, and you'll see that $16 per share has not been violated since mid '95. It came close again in July / Aug. '96. Obviously $16 is huge support, and I would concede that if it doesn't hold, then another 10% give or take is possible.

However, look at Fridays action on a 15 minute chart. The stock went down to $16.25 and sat there for all of 15 minutes before rising quickly to 16 5/8 and then $17 on volume before drifting lower with the market for the balance of the session. Closed on an uptick FWIW.

I would love to hear how ADPT looks from a Technical Analysis. Any takers?? Also looking for detail on the Form 144 filed on May 13 (Need a subscription to Edgars).

Larry
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