J,
Just sittin' on the patio, enjoying life.
It looks as though Ancor moved in tandem with the 25 basis point move initiated by Greenspan.
30 was the big resistance. It churned and churned and cleared it out. Once through that, it was free to run. That and SHORTY got caught with his/her pants down. Chart wise, it is one of the most beautiful charts I have seen in some time. Be careful not to fight the tape. We have filled gaps, set higher lows, and continue to break 52-wk highs. For the most part, this stock is now in uncharted territory. Which makes it difficult to give your friends a good entry point.
Also, remember that today is the last day of the quarter. Many Porfolio Managers were putting the finishing touches on their funds today. Why not throw in a small-cap that has gone from 10-32 in the last month? That has NMS status pending, ANALyst coverage pending, OEMs pending, secondary possibly pending, market value a third of Brocade and suitors taking note of FC technology.
It ran up to 32 3/4, although I show a reg-t trade after hours at 33. I think the most amazing thing regarding the action today was INCA jumping in with 3 minutes to go. They were looking for 44,500 shares and were willing to move up to get it. I first noticed them at 32 1/8 and they closed it on the bid at 32 5/16, still looking for 44,200 shares.
Cheers!
Andrew |
