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

To: Johnathan C. Doe who wrote (2180)	5/14/1998 8:30:00 PM
From: Larry J.	Read Replies (1) \| Respond to of 5944

Johnathan, 9 months to a year to crack $19 (to the upside). Man are you ever pessimistic! On what basis do you think ADPT will continue to freefall?? I am as concerned as the next ADPT shareholder, but do not see one reason offered from you as to why you feel that ADPT's slide "will put in a bottom that will be substantial soon." We have already dropped approximately 26% since the earnings miss of 4/30. That's pretty substantial in my book! The entire tech market was soft today. The volume lightened up today suggesting that the selling pressure may have abated somewhat. I am not a student of TA, but believe that the "bottom" is close at hand if for no other reason than we have been down (nearly) daily for two solid weeks! Don't you think the sellers are nearly exhausted. What idiot's going to wait for 2 year+ lows to decide to sell stock in a company that's still very much fundamentally sound? Am I missing something?? Larry