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

To: Starowl who wrote (4243)	1/8/1999 7:58:00 AM
From: kendall harmon	Read Replies (1) \| Respond to of 5944

Where might ADPT go from here? The closest recent parallel I can think of is AVID back in November of last year. AVID, like ADPT, had a very positive earnings surprise and popped up during the day only to consolidate as ADPT did today. The next day AVID opened near where it closed in the low 19's, but it went on to be in the 20 1/2-21 area by midday and eventually settled in the mid 20's: quote.yahoo.com I believe that ADPT's news is very positive going forward and will produce a similar situation. I look for 25 1/2-27 by later today or Monday, and 28-30 in the coming weeks thereafter. As a footnote, if you watched the stock on level 2, Goldman Sachs (GSCO) was accumulating this stock all day which is a very positive sign.