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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 671.93

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Nov 14 4:00 PM EST

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To: Johnny Canuck who wrote (27325)	7/14/2000 11:51:12 AM
From: Logain Ablar	of 68046

Hi Harry: Yes still in. I'm waiting till the ANCR cc tuesday night to decide if I lighten up. QLGC reports wednesday night. I think the issue will be ANCR sales. If ANCR blows away the #'s (while the EMC, SUNW & HWP OEM announcements signal a positive trend) it will be very positive. I've read (no substantion) that IBM is using their director switch which can provide a nice positive revenue surprise. If ANCR doesn't blow away the #'s we should have a pull back unless QLGC blows away the #'s. The QLGC selloff was due to the announced dilution of the QLGC earnings momentum with ANCR. All those funds wanted to keep seeing 70% growth without interuption. Last qtr. was my first listening to QLGC. We should expect a positive surprise (first call has 24 cents, whisper is 27) and they earned 24 last quarter. I don't know if they'll beat the whisper. QLGC keeps winning new business and while BRCD tried to put the spin that the ANCR acquisition would hurt QLGC that doesn't appear to be the case. Storage is one of the sectors we should be in (of course remember when I thought enterprise software with IFMX) with huge forecasted growth over the next 5 years. I have a target in the $140's with the market moving to 4,500 but I've been wrong. Also, right now it is on one heck of a pnf high pole. No pull back since $62. So I expect a pull back and thought it would start today but the IBM news negated it for a day anyway. I'm not adding IFMX back to my watch list till next week <gg>. I think I'd rather pay for CMRC. Not to critique Dex on IFMX he turned the ship around but in listening to the last few cc's they really need someone who is a marketer to lead them to the next level. Hope this guy can do it. Have a great weekend. Tim

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