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


To: The Philosopher who wrote (2309)5/19/1998 12:53:00 PM
From: Tom M  Read Replies (1) | Respond to of 5944
 
Chris/all regarding that 750,000 fund buy, can the original poster of that confirm that the same fund is holding it? That was mentioned before the recent nose dive containing many large blocks selling. I'd love to know what their 750,000 was doing last week.

thanks in advance,
Tom

PS looks like a 200k block just sent us over 17



To: The Philosopher who wrote (2309)5/19/1998 1:23:00 PM
From: Starowl  Read Replies (2) | Respond to of 5944
 
Christopher: Agree with your theory on institutions and Adaptec. It seems at the far low end of likelihood that the wise institutions have been selling and the incredibly naive small investors have been gobbling up those millions and millions of castoff shares. The theory that institutions have divested themselves of Adaptec stock should be institutionalized in the care of Nurse Ratchet (or however her name is spelled.)

Starowl



To: The Philosopher who wrote (2309)5/19/1998 4:38:00 PM
From: Johnathan C. Doe  Respond to of 5944
 
Bought back in doubling down at 16 1/2 bringing my position up now by 2/3 of what it was; 1/3 at 20 1/2. Well; we will see how this works out. I'm ready to double down again if it falls off to 11.

The data you are so concerned about is dated and therefore irrelevant to the current moment to moment events. We did see institutional buying today.