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: Todd Kernke who wrote (4326)	3/24/1997 5:05:00 PM
From: iceburg	of 29386

Todd, remember I posted the same comment last week. a 100 share transaction at the close to cause the stock to close at the bid. I understand the motivation last week with the reg D but not here. Although, normally when there is downward pressure on a stock, and the market makers have more stock they want to dump, the opposite will happen. The last (small) trade will go off at the ask so it won't look as bad as it is. The converse may be seen on a stock with upward pressure. Todd, I don't think the large shorts are trying to hang around, I think they are trying to get out slowly enough not to cause a buying panic. But then again I am misguided <g> With this in mind, watch for the stock to continue ascending a little more tomorrow. Although it will continue not to be smooth. (still envision significant resistence at 6 1/4 without news) Steve p.s. Are those wings I hear flapping? shhoh-shhoh shhoh-shhoh

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