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

To: The Philosopher who wrote (3904)	10/23/1998 11:04:00 PM
From: Spartex	Respond to of 5944

Christopher, <<Let's not crow too soon -- he who laughs last . . . However, I am encouraged. This rise on the day before earnings release makes me wonder whether somebody knows something good about the earnings? Pure speculation, of course. The problems is the potential that somebody is buying in for a quick killing when earnings come out and will dump shares as soon as they go up a few more points, bringing us back down. Sorry for the doom and gloom. I'll try to stop it and just be happy about a 50% increase in less than, what, a month? Only 40 more points to go to return to our high!!!!! >> Actually, I've been a man of few chosen words. Gosh, I didn't buy any ADPT near 8, but I knew it was dirt cheap at that price. Hell I've loaded up on NOVL in the mid-7's and am witnessing new 52-wk highs this week. Not many others out there in tech land that are seeing such heights. My most important lesson learned over the years, and we've all heard it before......"buy low, sell high"...and of course timing is important too. But the bounce off of 7 7/8s for ADPT has been powerful-- literally 100% off the bottom!. I'm just not one that would tease the shorts at this point. I simply felt that shorts were going to get hurt the other day (per my mention) as ADPT broke out into 13+ the way small caps are behaving these days. ;-) Humbly, QuadK