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


To: Jim Switz who wrote (3774)9/24/1998 11:37:00 AM
From: The Philosopher  Respond to of 5944
 
Remember the mantra:

I am a long term investor. Short term swings do not interest or concern me.

I am a long term investor. Short term swings do not interest or concern me.

I am a long term investor. Short term swings do not interest or concern me.

There, don't you feel better? If not, have three stiff drinks and repeat the mantra again. Do that until you feel better -- I assure you that eventually you will cease caring about these short term swings, at least temporarily.



To: Jim Switz who wrote (3774)9/24/1998 12:02:00 PM
From: Bhaskar Sengupta  Read Replies (2) | Respond to of 5944
 
Short term play on adpt?

I was wondering if anyone on the thread would care to comment on a possible short term play on adpt. Since adpt has lost a lot of value this year, there may be some year end tax selling pressure. Let us assume for the time being that this scenario will turn out to be true. Can any one or more of you suggest a good short term play on this stock for someone who already owns the stock? For example, what should be the exit point, what should be the reentry point and what should the timings of the exit and reentry points? The idea being that we want to claim a 1998 tax loss while retaining the upside potential for future years.

Bhaskar Sengupta