Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (42604)	8/8/2002 9:01:13 AM
From: DanZ	Read Replies (1) \| Respond to of 53068

Ok, Nemer. You've got a deal. I'm looking to buy on the way down as the index funds puke it out at 70 cents whether they want to or not. Then I'll be selling at 1.07 while you're buying at 1.05 to help push it up. I can make the statement at all family gatherings that I am the tallest person, male or female there... ...to win, I must get everyone to lie down flat on the floor and THEN we measure height Let's hope that you don't have to take your clothes off to prove whether you are male or female. gggggg

To: Nemer who wrote (42604)	8/8/2002 9:02:05 AM
From: DanZ	Respond to of 53068

Update on my ADPT holding. MW 07:39 Adaptec started at 'buy' at Needham & Co. It's about time an analyst looked at a company's balance sheet and prospects to make the right call! hehe I'd guess that there will be short term resistance at about 6, which is where it broke down last week to the lowest price since July 1993. Yes, that's nearly 10 years ago. The long term growth prospects of this company are so-so depending on how well their SCSI products sell, but it's worth a lot more than where it's trading. They could do well with their new iSCSI products, especially since they are co-marketing them with Cisco. I'd give the stock a buy with a target of 8 to 10. IMO The chart doesn't look half bad either, NEMER! It closed back inside the lower daily bollinger band yesterday, and could easily trade to the 20 day moving average, which is currently falling through about 6.50. By the time the stock gets to the 20 day MA, it would have probably fallen to about 6, which would also present resistance. PS Larry: I agree with your message 42603 but wouldn't rule out another test of the low after this rally runs its course. I think that there's a good chance that the averages will make a higher low though.