Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 17.52

-1.5%

Jan 16 9:30 AM EST

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To: OrionX who wrote (3292)	7/31/1998 3:21:00 PM
From: LoLoLoLita	Read Replies (2) of 5944

>>Also, what's anyone's opinion on the weird trading >>range we have been in for the better part of the >>day? Is someone accumulating or just dumping as >>people buy it up? Any ideas? Yes. This puppy is trading like it was on the NYSE, not the NAZ. I think what's happening is that there are (or is) institutional holders (or a holder) who wants out, but they're not dumping it, they just have good traders who are matching up their ask with the market's bids and taking advantage of the good news last night. I'm buying slowly. Expecting 20+ by Christmas. INTC could build SCSI onto their motherboards if they wanted to, but aren't they getting out of the MB business due to Asian competition? SCSI I/O on the CPU doesn't seem like it's going to happen anytime soon. Years and years away. Maybe only after the IBM PC architecture is ancient history. Till then, SCSI cards will be around. The TTM PSR of 1.2 or so is what clinched it for me. And ADPT had no rally to speak of in June or July. IMO, it's about due for one. David

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