Adaptec (ADPT)

Buy. I bought ADPT just right. It had been trading in a triangle formation for about a month when it broke out. I waited a couple of days until it passed the $6.50 level of the previous peak, and then bought.

Predictably, the price of ADPT fell again then began a nice climb into the beginning of June.

Sell. I was caught by surprise by the size of the drop on the 6^th of June and then by the gap that opened up with the plunge on the following day. I totally didn't see it coming. Since the market was down generally, I held for another day before selling. The technology market had been spooked, apparently, by Motorola warning that it would not meet expectations and attributing it, at least in part, to the effects of SARS. Texas Instruments lowering its "guidance" was like piling on.

It was tempting to hold on still longer, but I was made cautious by three down-days in a row and the general skittishness of technology stocks. (Although it recovered by the end of the day, the Nasdaq opened down and stayed down most of the day.)