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Technology Stocks : Adaptec (ADPT)
ADPT 18.04-0.2%Jan 14 3:59 PM EST
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To: Jim Switz who wrote (3279)7/31/1998 12:07:00 PM
From: Gary Burton  Read Replies (1) of 5944
 
FWIW---I sold into this rally and took a marginal loss (cost 12). TA says lower since indicators went to lower low on the most recent drop. My sense is that this is a trap and the stock will roll over under 12 and test 10. Ultimately, I then expect another rally back towards 12 again and then one last move down to 9-10 area. Still bullish on ADPT to eventually rally past 20 but I think this is a false start. My 2c
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