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

To: Mark who wrote (1279)	3/21/1998 12:50:00 PM
From: N. David Lessani	Read Replies (1) \| Respond to of 5944

Reply to #1279 Bull/Bear Poll We all due respect, We do not determine the price of stocks, Institutional trader do, When they buy 100,000 or 200,000 shares of any stock, they will bring the price of a stock up or down. When we buy 1000-2000 shares that effect is minimal. Having said that , This does not mean they are smarter than we are, they simply play with much bigger money. We just have to be one step ahead of this big boy of wall street. One of these days, they will start buying ADPT, and we all benefit. Good luck to all.

To: Mark who wrote (1279)	3/21/1998 1:44:00 PM
From: MetalTrader	Read Replies (1) \| Respond to of 5944

After watching this thread for a couple weeks and reading back through the bloodbath, I'm in. If the disagreement is whether to expect 18 or 22 as the bottom I'll buy again in the next week or so either nearer the bottom or happily higher. I am not a techie but reviewing the balance sheet and the sec filings it sounds like a pretty sound group running the show. I like a company that takes minor write offs. There is always something to write off and management that doesn't wait for the crushing weight of unavoidability to swallow hard and put bad news behind them gets a vote from me. Another factor is the legal aspect. In the class action suits I have been involved in (in the courtroom, not at the end of a mailing list) the attorneys tend to slither in near the bottom of the business cycle. So much better for proving damages. (someday someone should do a study of class action suits as a leading indicator) Although the principal of class action suits is meritorious, I tend to like to buy around these loathesome creatures. Having been deposed a few times in CL Act suits I would like to see guilty punished and the attorneys of frivolous actions ordered to donate an organ each. Based on the number of lawyers in the rooms I've been in, there would be a donor glut quickly develop. - (heart donations excepted) The purchase of Symbios looks reasonable particularly since it was bought from a seller under duress. My inclination tells me that both the S&P downgrade and window dressing by funds are reasons that keep major buyers out of the market temporarily. Thanks for the entertaining thread. So put me in at 19 since I know I'm not smart enough to buy at the bottom. Now I have to decide whether I want my next buy to be at 19 or 25. MT

To: Mark who wrote (1279)	3/21/1998 4:19:00 PM
From: xcuuuzu	Respond to of 5944

About your Poll... Having just bought some, I'll go with the "Hohenner" factor and shoot for 20.75. My short term guessing is just that - I tend to do much better on the long term stuff, and not picking the bottom too carefully lest I miss the opp. completely. Sincerely, Hans Hohenner

To: Mark who wrote (1279)	3/21/1998 11:57:00 PM
From: Jay Lowe	Respond to of 5944

Regarding the survey, why not expand the survey to sample the predicted price ranges at several points in the future? Hi/Low 30 days Hi/Low 90 days Hi/Low 180 days Hi/Low 360 days Yes?

To: Mark who wrote (1279)	3/25/1998 5:55:00 PM
From: Mark	Read Replies (1) \| Respond to of 5944

* The ADPT Bull/Bear Poll - UPDATE * Headline - The poll has had its first casualty ! Comments. The survey is NOT a real competition - The intention is simply to increase our discussions/understanding, and hopefully have some fun ! The survey is only of value to long term investors - traders are unlikely to find much of value here. Target numbers will be judged against the daily closing price. See the following link for details of how this arose - Message 3763693 Current state of poll. The current status of the poll can be crudely summarised as follows - 1) Almost everyone is bearish, with the belief that ADPT will likely go lower in the short term. 2) Opinion on the low point is divided over whether a further catalyst will emerge to further drive things down (e.g. mutual fund selling, bad company news, market adjustment, etc.,). 3) In the group that believes such a catalyst will not arise, the average view is that the price will go no lower than $20. 4) In the group that believes there will be such a catalyst, the average view that the price could fall to around $17.50. The lowest ADPT might go in the next few months is - Jimmy - $22 :) Message 3776586 ** I'm afraid entries above here are now OUT ! Current Low is $21.25 25/Mar Hans - $20.75 Message 3792483 Starowl - $20.50 Message 3783111 Sert - $20.25 Message 3786925 Bill U - $20 Message 3770784 Marcus - $20 Message 3773146 Arthur - $20 Message 3782512 Larry J - $19.50 Message 3763739 MetalTrader - $19 Message 3791501 Chris H - $18.50 Message 3779759 Tom - $18 Message 3837206 Mark H - $18 Message 3743162 Ludo - $17.25 Message 3777903 Zeev - $17 Message 3773690 Slob - $15.25 Message 3835802 Current Rules o Anyone can revise their estimates at any time o All supporting arguments/views are encouraged New Homework. Jay made some good suggestions for extensions to the poll - Thanks. For the moment we will just concentrate on the following - WHEN DO WE THINK THE BOTTOM WILL BE ? Useful earlier posts for newbies/reference** Message 3723504 Message 3723840 Message 3724142 Message 3729782 Message 3735149 Message 3738117 Message 3743145 Message 3743162 Message 3744880 Message 3773146 Message 3773690 Message 3779827 Message 3782868 Message 3788554 Message 3792524 Message 3797382 Message 3811135 All suggestions, observations, etc., welcome ! Mark