SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: George Dawson who wrote (26831)5/10/2000 12:58:00 PM
From: Nine_USA  Read Replies (3) of 29386
 
Since ANCR is selling at a mere 3-4 percent
discount to the exchange value of the QLGC,
I thought it made sense to sell some of my ANCR and buy
the equivalent position in QLGC. If the deal takes 3 months
to completion, the chance that the deal unravels
may result in a higher discount for ANCR which would bring ANCR price lower relative to the QLGC price.

If, indeed, the deal did unravel, QLGC is likely to
move higher due to short covering and former sellers
of QLGC moving back into the stock. ANCR could move
lower as easily as higher given its volatility and
the ease with which the stock has been 'manipulated'.

The negative for doing this is the possibility of a
'bidding war' for ANCR wherein ANCR would likely move higher from that point forward relative to QLGC.
I do not feel is of high probability. So I am hedged to a certain degree in that I have maintained a substantial part of my ANCR holding.

Am I smoking something again?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News