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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST

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To: The Phoenix who wrote (25677)1/20/2000 12:20:00 AM
From: iceburg  Read Replies (3) of 29386
 
Gary,

You are right, no new investor wants to hear about how people bought in at $1. This stock is a POS right now but the company is not a POS.

The important things to remember are that:

- The company is stronger now than when you bought.
- The stock is being artificially creamed by a well thought out and orchastrated attack. The carnage will not last.
- The shorts will wind up actually helping those who added or held. (loaded spring scenario) Look for the short interest to have jumped a lot.

I am sorry you bought at a temporarily inconvenient time, but if you hold you will find yourself a battle-scarred veteren like a lot of us, and you will get your money back and lots more.

Good luck,

Steve
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