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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Tony B who wrote (13661)4/29/1999 5:02:00 PM
From: Canuck Dave  Read Replies (3) | Respond to of 56537
 
Tony, I just did some 5 minute DD on ADPT and I have a few comments.

1. Short term, the chart sucks, but long term (like a few months), I think you've got something pretty promising.

2. Earnings numbers are indeed good.

3. If I owned it, based on the earnings, I would give it exactly 3 hours (or less) after open tomorrow to start moving. Otherwise, cut it loose and move on.

My biggest mistake in the first 10 months I traded was "wishin' and hopein'" my losers would recover.

Just my opinion of course.

CD



To: Tony B who wrote (13661)4/30/1999 12:35:00 AM
From: Trader J  Read Replies (1) | Respond to of 56537
 
Tony: ADPT:

Adaptec Inc (ADPT - news) traded at 23-1/4, up 1-3/16 from the regular close. The company reported fourth-quarter earnings of $0.55 per share diluted, up from $0.20 a year ago.



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