Advanced Digital Information Corp. (ADIC) Message Board

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Technology Stocks : Advanced Digital Information Corp. (ADIC)

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To: PERDIEM who wrote (1152)	7/24/1998 7:51:00 PM
From: uu	Read Replies (2) of 2283

Perdiem: > Shouldn't we see some price support as the shorts buy in and settle positions? That is what one would hope so! However from the looks of it shorts are in no hurry to cover! Just look at the price, it has closed at its lowest point for the past 2 days with heavy volume. The least I am hoping for is shorts have stopped shorting the stock (if not in rush to cover). I can not imagine anyone would truly believe this stock still has a lot downside potential to short! But who knows stranger things have happened. A year ago I never thought ASND would go from $46/shr to $22/shr in less than 3 months. But it did! ASND has recovered since then (and it took less than 3 months for it to do so - althought still a way to go to its all time high of $80). But is ADIC another ASND?! At least Mory Ejabat (the CEO of ASND) continues to hold a significant stake in his own company! Van Oppen on the other hand seems to only care about 242 shares!!!! Yes, this week has been very brutal (and this my friend is an understatement)! Regards, Addi Jamshidi

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