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Strategies & Market Trends : The picks
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To: Jeffrey S. Mitchell who wrote (4513)2/10/1997 6:01:00 PM
From: Trader X   of 6124
 
Jeffery...ADPT.......

Jeff, I like this stock, I was gung-ho on it a while back at 40, and would be in it myself if I bought stocks over $30, which i don't.

Now for the bad news. I look at the chart and it gives me a funny feeling in my tummy. It's looking awefully toppy.

I expect a rally back up to ~40, but if it doesn't break 40 and go to a new high, but instead comes back to 35, I'd run. This could be a top in the making, as it looks like the uptrend line was broken today on the drop to 35.

I hope your programmers won't mind getting ADPT stock in the payroll envelopes.

KH
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