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: jimsioi who wrote (29057)	10/5/2002 1:37:25 PM
From: George Dawson	Read Replies (1) of 29386

I don't think there is any reason to think that QLogic won't continue to buck the trend. But I don't think that will necessarily have a great deal of impact on the stock price. The general impression I get is that certain sectors will be favored in the recovery and technology will not be one of them. I think that tech stocks in general had a healthy premium during the speculative bubble and that probably won't happen in the immediate future. Just in terms of trading dynamics, QLogic has always traded in patterns that don't make any sense to outsiders like me. For example, in some of the past posts here we saw heavy volume and volatility on no news and no key market events. My attempts to find out the reasons for this didn't result in any answers. The rotation out of high tech and bad tech news in the context of a weak economy might mean that QLogic trades at a lower PE, and is less heavily traded. Many of the longs on this thread have been here for years and watched an initial highly speculative stock get acquired and in the process we were lucky enough to own QLogic. As speculators we are always hopeful that there is a big deal around the corner. In retrospect we were always wrong about that. Welcome aboard. George D.

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