The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: Patrick A. Kelly who wrote (20083)	1/13/1999 8:14:00 AM
From: nic	of 29386

Patrick, I am much in the same situation - after doubling down on ANCR 4 times I wound up with an ungodly amount of it (and boy does it feel good these days ;-). I've also been terrible at finding exit points, otherwise I would never have ridden this bronco up and down (mostly down) without ever selling a share. I'm not much worried about Ancor itself at this point - all signs appear to be pointing up there. What does worry me is general market conditions, especially going into the second half of this year. My ANCR strategy is to ride it up with as much as possible, for as long as possible, while protecting myself with stop losses for part of my holdings at a respectful distance (say, 30%) below market. I'm not a fan of stop losses, and got screwed by them before. In this case, however, I remember too well the time (must be all of a few months ago ;-) when I had to cover ANCR-generated margin calls from my paycheck every month. So this is what I'm doing (not investment advice, etc.) Best wishes to us all... - nic PS: At this point a heartfelt thanks to all the regulars on this thread - without you I would have never been able to ride this "big dipper" without freaking out!

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