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Strategies & Market Trends : The picks

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To: Trader X who wrote (4478)2/10/1997 4:24:00 PM
From: Jeffrey S. Mitchell   of 6124
 
Re: ADPT

I finally pulled the trigger and got my favorite "conservative" stock. I bought 1000 shares @35 3/4, which was the ask, thinking I may never have this chance again. Well, it closed @35 1/4 which either means 1) I missed some real bad news, or 2) This stock is the deal of the year in its category.

From a fundamentals point of view:
1) ADPT owns the SCSI card market
2) Has a fantastic deal with Hughes for their directTV web cards, and 3) Just got an award for their ethernet software.

All I need to know is that the T/A is solid so I can rest easy that I should not have waited a day.

- Jeff

P.S. This is payroll money, not fun money (all spent on ALYD), so I am a bit nervous.
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