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

To: Zeev Hed who wrote (2679)	6/14/1998 9:52:00 PM
From: Starowl	Read Replies (1) \| Respond to of 5944

Zeev: It is very difficult to challenge the drift theory. Not becuase Adaptec is an inept or lost company, but becuase the entire tech sector is under pressure. Various scenarios could motivate the drift--Symbios is approved=some uncertainty is removed and the stock moves up a few points; then earnings come out low=three straight disappointments and down goes the stock price. Or, we learn about those earnings before Symbios and the reverse happens and you get your entry at 10.5 and a nice rebound on Symbios. It will take really startlingly positive news to set Adaptec on the upward track over the next couple of months. Yet the drifting could be good opportunity for traders. Just some thoughts for a Sunday evening. Starowl