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

To: Dougerdad who wrote (2178)	5/14/1998 5:41:00 PM
From: Johnathan C. Doe	Read Replies (1) \| Respond to of 5944

I don't think we will have to wait 6 months for this to drift down; it is falling like a rock and will put in a bottom that will be substantial soon. When that happens, I figure we will just flatline for a while; a week or so at least and it should give some comfort that the selling pressure that has occurred for whatever inside reason that is not obvious to us has factored itself into the price of this stock. Somebody big or a group of somebodies is getting out of this stock and they are continuing to exit. It will bottom when these positions are fully liquidated along with anyone paniced by the slide. Then it will sit and we will attract a new group of big investors and it will start to move back some; not fully certainly, but some. I figure it will take a good 3 months before we get anywhere close to 20. 19 I guess is the new resistance and it might be a long time before we crack that resistance; 9 months to 1 year possibly. It will be a great trading stock in a narrow range after it settles and any money lost can be more than made up for by trading that narrow range repeatedly.