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

To: w2j2 who wrote (3563)	8/31/1998 3:59:00 PM
From: Lutz Moeller	Read Replies (1) \| Respond to of 5944

Walter, to buy back today would be a good idea. I'm on 7% margin already. So I'll wait until some time later to increase my margin. Last fall I bought asnd just after the bloodbath at 35$ only to see it sink down to 22$ in three months. Then it took more than half year to recover. I think todays drop is so severe, that the drop will be in peoples mind for some time. Maybe it needs a fed rate sink in january to revive the stock market. What happens today has nothing to do with Russia, but with Angst! Such irrational exuberance wants to be lived out, before it again becomes dull (no less than two weeks for any big theme). September will still bring profit warnings in about 4 weeks from now. I hesitate to go longer than now on margin, before that. Just my psft (down 40% from last height) make me smile today, as thea are my only holding in +. As long as the economy lives stocks will prosper too. Good stomach to everyone! We must live it out now. Regards Lutz