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

To: Hank who wrote (591)	10/29/1997 12:14:00 PM
From: TelecosmFan	Respond to of 766

Went long this am at 36. Very volatile!

To: Hank who wrote (591)	10/29/1997 6:47:00 PM
From: TelecosmFan	Read Replies (1) \| Respond to of 766

I wonder why Adtran was down 1 3/8 and Pairgain was up 1 5/8. They normally are in lock step with each other. My neighbor works at Adtran and indicated that sales are excellent. I think with this freaky market anything is possible. Adtran hit 30 Monday and made a strong correction Tuesday. Today was probably some normal profit taking. If you made 8 points in one day wouldn't you sell? I expect the stock to move up a little this week but not too much. Since 3Q earnings were + 20% and it's a given that 4Q earnings will also meet or beat, the stock should visit the high forties before year end. I do not expect any tax selling. Will sell at 39.5. Ed