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

To: Larry J. who wrote (1228)	3/19/1998 9:17:00 AM
From: Mark	Respond to of 5944

Larry, The entry point would depend on your strategy. These days I am deliberately cautious/aggressive and would prefer to miss a good opportuntity than make a bad one. I said earlier that I think we might go as low as $17, and that anything below $20 might tempt me. I would like to hold for 12 months or more, so I'll buy when I think ADPT have everything under control. I don't expect we'll have any proof of this until after the next Qs results. In the interim, I believe the market is generally over-priced, and it hasn't heeded the recent earnings warnings. As we get into the new earnings season, the market could get some shocks. There is a real possibility of an April adjustment...... So for the time being I'm waiting. I guess we could run a straw poll - see next post ! :-) Mark