The New QLogic (ANCR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stephen murray who wrote (22950)	6/22/1999 3:29:00 PM
From: donald sew	Read Replies (2) of 29386

Stephan, >>>> I'll be looking to get back in on the dips as my funds allow. With the current runup to 25 do you still think we could see a pull back to the 16-17 range and if so what would be your time frame. <<<< The runup to 25 started around 16 so that specific upswing was 9 points. The FIBINOCCI RETRACEMENT is 38%-62%, which is a common occurance. If ANCR does a FIBINOCCI RETRACEMENT that would put ANCR back into the 21.50-19.50 range approximately. The next support area is near 16-17 range. Since the overall market could still correct some by early JULY, I would think that the first support area should be seen by then. I do realise that on a intraday basis it got to the 21 range. If the correction for the overall market gets bad then you may see the 16-17 range, but keep in mind we are talking about alot of negativity. For now Im more comfortable with the 21.50-19.50 range. seeya

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next