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

To: rocky haag who wrote (1816)	4/30/1998 6:44:00 PM
From: Johnathan C. Doe	Read Replies (1) \| Respond to of 5944

Well, the bad news is on the table and we knew it would be bad. That it is now on the table is good. If we take a hit, we will be looking at WDC as a parallel. I figure we will find support right where we found it before at 19. It it hits there, I am buying a ton of this stock. We will rebound after any bottoming. If we don't take a hit, the logic will be that the bottom is in and the eyes will turn to the future. Short term the future may not be good, but that is on the table and in the price. Longer term, we will be fine. This stock isn't going to move up 15 points, but after a bottoming, we could well see a 6 point bounce. We might well only lose a point or two and never even get as low as before. The mood of the market is not the kind of mood that would kill a stock by 50% in one day. We aren't likely going to take much of a hit.