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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (21867)	1/8/2000 2:37:00 PM
From: Paul Moerman	Read Replies (1) of 53068

ANCR sold off terribly last week, although I profitably flipped it a few times yesterday. It's fundamentals haven't changed, and ANCR apparently decided to make some kind of statement or news release before Monday's open, which I think may address the selloff and prove reassuring to longs (I'm going to be watching closely for it). ANCR has a solid position in a very hot sector (fiber channel storage area network hardware/software) and is selling below half of the 52 week high. It's primary competition is BRCD, which has a huge market cap compared to ANCR, and I don't think the differential is justified based on technology and revenue projections. T/A has got to look awful on ANCR after last week I would expect, but that's not my expertise. I'm considering a Ztrade Monday where I bite the bullet on my nonperforming HAS, and substitute ANCR in the expectation of a rapid price recovery - I'd think at least 25% price appreciation in next 30 days is doable. Would appreciate others' viewpoints if I'm thinking stupid or not! <g>

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