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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: David Fick who wrote (686)	12/3/1997 4:46:00 PM
From: jelrod3	Respond to of 5944

This is another great buying opportunity! I added to my long position this morning. If ADPT goes lower on "concerns," I'll continue to add to my position. This 5 Star company should be a core tech holding. But I must admit some prejudice...I've been long the stock for years, and have been rewarded handsomely since my basis is about $6.70 per share. But if I was new to the stock, I'd be a buyer here without question. Also, people who post to this thread and follow this stock closely know that insider selling cannot be used as a criteria for concern or as a "sell" signal. ADPT has always had tremendous insider selling on a regular basis.

To: David Fick who wrote (686)	12/3/1997 5:50:00 PM
From: K Rahim	Respond to of 5944

Thanks for the information, I think there must be another reason for this amount of decline with such a volume. I checked the tick chart for today trading there are lots of big volume trades (50K and 100K) which shows big guys are selling the stock!! Today volume was 8.6M which is the highest volume in last couple of years! It is not a good sign. Hopefully it is just because of the short sellers! Does anybody know what is the number of short positions on this stock!