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: Steve Gardality who wrote (22928)	6/22/1999 8:53:00 AM
From: iceburg	Read Replies (1) of 29386

Steve, If you are a good trader I'm sure you will be able to scalp a couple points at some time if you are careful. Yippie. A lot easier to go long and enjoy the ascent. Keep in mind also that: - We have followed this stock for years. We understand the dynamics at work here. - It looks very attractive to hold on for the capital gains tax for those of us who got in cheaply. - Trailing earnings are not nearly as important as forward looking earning. Do some homework as to what ANCR's Q4 earnings might look like (and beyond if it doesn't make you too dizzy) - Those eagar to sell did. They sold after the 30% gap after the SunW announcement. Now it is long term players (the float isn't as large as it seems), Institutions and traders. The laws of supply and demand are at work. Don't YOU be too greedy. Steve

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