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Technology Stocks : Adaptec (ADPT)
ADPT 18.55-2.7%Jan 23 9:30 AM EST
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To: slob who wrote (2266)5/18/1998 3:09:00 PM
From: Johnathan C. Doe  Read Replies (1) of 5944
 
The reason we are dropping like a rock is due to a little known fact about Adaptec; this fact is only known by the institutions; Adaptec sells 90% of its product in Indonesian. The Indonosian's were fanatical SCSI users and that market has disappeared.

This stock looks much like VSVR looked last year; it stopped falling at 9. I am figuring the same for ADPT at this point. I figure trying to catch this knife is pointless and will wait for 3 consecutive days of it not dropping before re-entry.
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