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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
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To: barry fowler who wrote (4304)3/23/1997 11:25:00 PM
From: Arthur   of 29386
 
It seems to me the market has already pretty much discounted a
modest Fed rate hike. Also, isn't Ancor pretty much owned by
individuals and not institutions and I would expect any selloff
to be done by the institutions moving part of their portfolios
into bonds. At these price levels I expect Ancor stock to be
fairly divorced from the overall market and instead to be based
on how well Ancor is meeting revenue expectations. My guess is
that after Monday we won't be able to buy Ancor below 5 again.
Art.
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