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


To: Marc Bejarano who wrote (610)12/2/1997 5:19:00 PM
From: TelecosmFan  Read Replies (1) | Respond to of 766
 
Marc,

Yes I have been irritated because my analysis both technical and fundamental told me to short Adtran. But it takes unusual guts to short a stock. When you own a stock long you must maintain a positive attitude. But to short a stock the opposite is true. It is normally easier to find the good and positive things with a stock.

I think stock will go lower because:

1. way overvalued (look at PE)
2. one product type company that designs obsolescence into products
3. chart looks horrible
4. tax selling

OK Ed short it!

bye for now