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To: Investor2 who wrote (13739)5/11/1998 10:46:00 AM
From: Trader X  Respond to of 17305
 
<<seems like the whole market would have to
colapse for the price to get to $10.>>

Look at it this way. The whole market has been going up since Jan., and where has ADPT gone? Mostly down. Altho one could say sideways, that's deceptive, since the highs have been progressively lower.

$19 would have to do more than hold, ADPT would have to exceed it's last high of $24. It could very well close the gap it made from 23 1/2, but I doubt it will make it past $22 before dropping below 19.

Tx



To: Investor2 who wrote (13739)5/11/1998 11:10:00 AM
From: Andrew Vance  Read Replies (1) | Respond to of 17305
 
*AV*--Got my posts mixed up and gave a WDC opinion on an ADPT comment.
ADPT may also test a little lower when all the deals go through, especially the Symbios Deal. Especially since I think delaying tactics are being used such that the remaining Symbios employees are vested in the new stock options. These occur at the end of June. A little Hanky Panky might be going on here.

Most of the acquisitions that have taken place should not adversely affect ADPT with the exception of Symbios, being the largest and most costly. If the stock were to fall to $10, I would almost be willing to bet that ADPT would mortgage the farm, sell the cat, and entertain one of the biggest stock buyback programs the market has ever seen, in additon to the one already in place.<GG>

Now for the incorrect post:

I do not see WDC falling too much more especially in light of IBM providing the GMR technology to WDC for future high density drives. IBM is a leader in this arena but has exited the drive market. These assemblies are being sold through their OEM business unit.

I might see a retrace to 16-17, possibly, but I think WDC's fortunes may be turning for the better with this alliance for GMR assemblies. Again, JMO.

Andrew



To: Investor2 who wrote (13739)5/12/1998 1:02:00 PM
From: Trader X  Read Replies (1) | Respond to of 17305
 
ADPT teetering:

Bid 19 Ask 19 1/16