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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: ed doell who wrote (10964)	10/8/1997 1:15:00 AM
From: Jay Quinty	of 29386

ed, Take a look at IOM's chart today. They're reporting earnings next week, and if it weren't for the high volume, I'd bet that the MM's are flushing the stops. The only glitch with IOM's chart is that it broke down below a key support level at $25 on increasing volume. This may be a case of the street knowing something before the average Joe (that would be us). As they say, "The trend is your friend", and "Don't fight the tape". IOM's trend is breaking down and the tape looks BAAAAD. Now back to our regularly scheduled board. Jay

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