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Technology Stocks : ADI: The SHARCs are circling! -- Ignore unavailable to you. Want to Upgrade?


To: Scrapps who wrote (2125)9/12/2000 8:20:13 AM
From: BostonView  Read Replies (1) | Respond to of 2882
 
No, didn't buy yesterday, despite the continuing sale. Assuming fear and technicals are the dominant market forces this month, I'm content to watch the nervous nellies sell it off to the 50 dma (80 ish) before I buy.

Who knows, by then, fundamentals could kick in. I seem to recall ADI telling the market it was going to grow earnings by over 150% for the current quarter, and that it's backlog was bigger than ever.

I'm already looking forward to Novemeber's Q and year-end call. Something tells me ADI will be trading alot higher by then...the "sale" will be ancient history.

BV