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

To: Mark who wrote (1403)	3/26/1998 6:25:00 PM
From: xcuuuzu	Respond to of 5944

More casualties today. This is turning into a bloodbath. Still haven't broken the "high consensus". Will it stand ? Whelp, this is why I don't play trading games with real money... Hans Hohenner

To: Mark who wrote (1403)	3/31/1998 4:29:00 PM
From: Mark	Read Replies (2) \| Respond to of 5944

* The ADPT Bull/Bear Poll - UPDATE * Headline After toying with the 20 level for 5 days, we've finally closed below it. Next stop ? It's still premature to say that the high-consensus group have been proven wrong, but closing below 20 must now raise some serious questions about further declines. The trend is still strongly downward, but we have now (at last) ended the quarter, which might break any mutual fund trends (?) Still looking for answers to WHEN DO PEOPLE THINK THE LOW POINT WILL BE ?????? Current state of poll Over the next few months, ADPT will go no lower than - Jimmy - $22 :) Message 3776586 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 ** I'm afraid entries above here are now OUT ! Current low is $19 5/8 31/Mar 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 The current status of the poll can be crudely summarised as follows - 1) Almost everyone has been bearish, with the belief that ADPT would likely go lower in the short term. 2) Opinion on the low point was/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. We've now broken this level, but will it be decisive ????? 4) In the group that believes there will be such a catalyst, the average view that the price could fall to around $17.50. Guidelines 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 Anyone can revise their estimates at any time Entrants are encouraged to submit supporting arguments/views 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