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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: Patrick Sharkey who wrote (22547)6/11/1999 1:23:00 PM
From: Paul Moerman  Read Replies (2) of 29386
 
Pat, my action is based more on gut feel - looking at steadily dropping volume since the big gap-up. Fundamentally, the stock has turned an important corner IMO with the Sun contract. I also see enough weakness in the general market to encourage some profit-taking in ANCR at some point soon. If given the opportunity, I'll start buying back at 15 and add with each full point drop below that level. I don't expect it to drop much below 12, but if it did, I'll probably start doubling my purchases. Regards,

Paul

techstocks.com
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