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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: felix who wrote (4678)1/11/1998 11:14:00 PM
From: LastShadow  Respond to of 120523
 
Response : ADPT

ADPT fell hard Friday, and the few ticks end of day trying to rally it didn't have enough shares to give me much confidence. But, with any big drop like this, the only way to see where it goes is to watch the tick at open. It doesn't look to gap open, so if it does sart some sort of bounce, it should be easy enough to see the improving lower resistance. Its a good company, but the mm's didn't go any lower all afternoon, and didn't raise the ask either. That says it has a chance to fall some more Monday. But, its worth watching as it could get a couple bucks back in a rally. But just so everyone knows, a one-day tanking doesn't make for a beaten down stock.

lastshadow