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Technology Stocks : Advanced Digital Information Corp. (ADIC) -- Ignore unavailable to you. Want to Upgrade?


To: Carolyn who wrote (1968)5/23/2000 6:38:00 PM
From: Scott H. Davis  Respond to of 2283
 
Carolyn, FYI, 1st time I bought ADIC was at 16. Watched it go to 20, the down to 6+ (all pre-split) before the climb. We're in a bear market. Since the early 80's, all bear markets have been associated with rising interest rates. The big question at this point is how much inflation & rising interest rates have already been priced in? The market overreacts. Jan/Feb we had bullish excess & a load of overbought stocks. Market may well decline more, but at this point, there are bargins for long term horizons. In the meantime, one can take advantage of the volitility for short term trades. IMSCO Scott



To: Carolyn who wrote (1968)5/24/2000 7:14:00 AM
From: Jim Oravetz  Read Replies (2) | Respond to of 2283
 
You have to ask yourself; Has anything fundamentally changed to ADIC is the last few months?

IMO, the answer is no. The company has plenty of cash, no debt, products for which overall demand is increasing, good partners, good management.

The product mix is transitioning somewhat and European sales have slowed the last Q. Short term, these and the general market downturn have dragged this stock to what I consider undervalued. I bought some more! Long term, this stock will recover.

Jim