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Technology Stocks : ADSX -- Ignore unavailable to you. Want to Upgrade?


To: OLD JAKE JUSTUS who wrote (74)11/29/1999 9:05:00 PM
From: DEER HUNTER  Read Replies (1) | Respond to of 1129
 
a voice of reason from Yahoo land.....

Well...Well....Well...here my Analysis
by: Mjones1 (43/M/Carlsbad, CA) 11/29/1999 8:50 pm EST
Msg: 29337 of 29345Quite a day, eh? A thousand posts since I left this morning....and a lot of negative BS.

I looked at the Island ECN this morning at 5am west coast and it peaked at just above 16.

Could have easily sold for 15 1/2 which held up for quite a while...defintely was tempted. And of course if I had a crystal ball and could see the pullbach to 7 1/2 I would have ...and bought back in. As it is, I held my shares and doubled my position at $8. Average cost now is 6 13/32.

No one could have forseen a gap up that big. I was taken off balance by it. The MM's manipulated the heck out of this thing this morning pre-market, and I cant blame anyone for taking a profit at that high of an open.

Even though I am a short term trader, I believe this stock will continue to run on into the 20's by Xmas. Here's why.

Technically, if you look at the chart, the stock held a solid intrady base at 8 even though the volume completely dried up. That means all the profit taking is pretty much over. It shows that there are a lot of longs in ADSX that are willing to stay in it for a longer haul.

This stock will probably trade between 7 1/2 and 8 1/2 for few days as it consolidates. But the lack of sellers will cause another explosive movement to the upside when the buying starts again..and it will definitely. Institutions can now enter the stock at this valuation a few few days of firming this base.

Funadmentally, this company has restructured in a form that I believe to be a no-brainer winner. I have read the annual report, the plans for growth...the news releases..the Inrytellisale sipo spinoff..and it all sounds pretty good to me. The growth of sales is exponential. They are just now getting press. This stock is so undervalued when compared to anything even remotely similar it is crazy.

So...I am sticking to the plan. I wanted to add to my position at 8 or lower and did. My target price is 29 3/4

This one is still a gem, even if you chased it today...hang in there!!!!...you will get paid well..this is not about a couple of dollars, but rather 20 to 30 dollars....

Finally ..the negative posters here are to venoumous to be sincere in their advice. Most are just trying to shake you up. If they have no technical or fundamental analysis to back it up...just skip it and move on.

Good Luck.

Go ADSX