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


To: rocky haag who wrote (1788)4/29/1998 7:09:00 PM
From: Johnathan C. Doe  Read Replies (1) | Respond to of 5944
 
Rocky, we are on track so far for a nice little trade. You and I seem to be of a trader's mind on this stock at the moment. I think we both caught the bottom. As for earnings; look at WDC for guidance to what will happen if earnings are a problem. My bet; we are in better shape than WDC and so any dip will be the last bargin in this one for this cycle of short-term moment. It might all peter out like ORCL or SEG, but we will still be up many points. If the market tanks, we could retest 19 and that would be a great time to re-buy. The question for me is; do I want to just flip this thing or go long in a toppy market? My gut says; FLIP.