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

To: DanZ who wrote (2487)	6/2/1998 1:56:00 AM
From: Johnathan C. Doe	Respond to of 5944

Dan, thanks for your response. I value your opinion because I know your experience and track record and you know how to play the market within your method of playing it. The selloff in ADPT is mirrored in so many other tech stock charts that it certainly looks market driven at this point. Maybe not down to 20 was fundamentals, but from 20 down to 14 it seems to be market. I looked at the charts on PAIR, VLSI, and ADPT and they all look the same. The selloff started May 9 or 10th whenever that was. It's been straight down mostly since then for many tech stocks. COMS is another one that has broken down. With companies with negative earnings basing or holding up, sooner or later, ADPT will find its footing. Till then, we are in no man's land. It will only go so low. 8? I sure don't see it going to 5. We will just have to wait for it to find its way. Any thoughts on WSTL? Chart looks encouraging.