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Technology Stocks : ADI: The SHARCs are circling! -- Ignore unavailable to you. Want to Upgrade?

To: Meghan Richards who wrote (846)	3/10/1998 9:50:00 AM
From: Meghan Richards	Read Replies (2) \| Respond to of 2882

On Monday (3/9), when the techs were taking a spanking (after Compaq delivered their earnings warning), ADI's share price remained fairly stable. In fact, "relative" to the other techs, ADI was a standout performer. My technical analysis work shows that ADI is currently under heavy accumulation. Something seems to be up. Any guesses???

To: Meghan Richards who wrote (846)	3/12/1998 11:22:00 PM
From: Ben Beale	Read Replies (1) \| Respond to of 2882

Meghan, Pasted below is the weekly "Second Opinion" as of 3/7/98 on ADI, which I just came across. Their comments pretty much agree with your thoughts. Thanks again for you comments. r/s Ben ------------- COMMENT Moving Average Convergence/Divergence (MACD) indicates a BULLISH TREND Chart pattern indicates a WEAK UPWARD TREND Relative Strength is BULLISH Up/Down volume pattern indicates that the stock is under ACCUMULATION The 50 day MOVING AVERAGE is rising which is BULLISH The 200 day MOVING AVERAGE is rising which is BULLISH Stochastics indicate stock is OVERBOUGHT MARKETEDGE RECOMMENDATION STOCK IS A BUY; STOCK IS OVERBOUGHT; WAIT FOR PULLBACK TO INITIATE NEW POSITION.