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 Technology Stocks : ADTRAN !?!

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To: D Reinecke who wrote (247)4/2/1997 9:41:00 PM
From: eric siegel of 766
 
I think ADTN was very smart in pre- announcing for the qtr.With all the carnage in the sector,ADTN would have been decimated if they missed their # on earnings day.With the market overreacting to the downside on any hint of bad news this pre emptive strike was well timed.After all their earnings are still excellent and will improve.The stock has tested 20 7/8 twice in the last few weeks and bounced off it both times.The technicals are way oversold,more so than ever.I'm a bottom fisher here.This stock can be deadly on the upside.
Eric
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