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: Mike Petriv who wrote (22836)	6/18/1999 10:23:00 AM
From: donald sew	Read Replies (1) of 29386

Mike, >>>>> Are there any shorts here who think we have seen a double-top with a sell-off today? Short at 19 5/8. <<<<< If you are expecting a major top here for ANCR, the DOUBLE-TOP on the charts is a short-term top formation, again just short-term. I too feel that ANCR has reached a short-term top(1-5 days), but that does not mean I am expecting a huge selloff. I seeing a pullback to near 16 and if the market sells off very hard which is less likely now, ANCR could get a bit lower. If you are expecting a collapse right now, I dont think so, but if you are looking for a short-term trade, it has a fair to good chance of working. ANCR is still in an uptrend for the longer-term and should break 20 to the upside. seeya

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