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Strategies & Market Trends : Rande Is . . . HOME

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To: Bouf who wrote (7849)	6/3/1999 1:03:00 PM
From: Rande Is	Read Replies (1) of 57584

To ALL: Our ADAP is moving up sharply on large block buying today. Buzz is that they made a presentation today in NYC. . . .could be to add Market Makers or an PR firm. . .not sure. . maybe just to dumb investors. So question is this: Is this smart money on the buy side WITH the MMs? Or is this dumb money buying because someone told them to. . . while smart money dumps into the buying? Rumor continues: They are about to release some new products to the broadband wireless market. . . .one is a plug-in for laptops that connects via satellite at a speed about 15 times T1. This is nothing new. . . ARTT does it in their systems. But evidently, ADAP is making these available to a larger or different market. . . not sure their business plan for them. We need to keep a close eye on this. . . because today's block buys may be the smoke. . . the price jumped very quickly, then buying stopped. . . could still be lots more shares ready to buy, but they want to hold the price back some before getting in. But as I pointed out. . . .if it is dumb money, we don't want trapped and would rather be sellers here. Appreciate views and takes, as always. Rande Is

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