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: LaVerne E. Olney who wrote (25353)	1/7/2000 10:09:00 AM
From: ShamukE	Read Replies (1) of 29386

I think that the stock had closed just below support. If I'm not mistaken, when that happens, support becomes resistance. The stock fell like a rock after the opening. Let's hope that it can get back above what could be classed as minor resistance before the close. If that doesn't happen I'd say that the resistance will solidify and to move above it will become quite difficult. Right now I don't think ANCR could give away stock in the future. It seems that they were all too anxious to get out the news and PR while the stock was going up. Now that it has lost about 48% of it's value, you haven't heard a whimper. If nothing else, this leads one to believe that when the "s**t hits the fan" at earnings time, it isn't going to be pretty. I hope that I'm very wrong but this is the way that I see it.

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