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: Ron Endres who wrote (29253)	4/2/2004 12:19:25 PM
From: George Dawson	Read Replies (1) of 29386

"What a rookie mistake on my part. Capitol gains are not that big of deal and buy and hold isn't the game anymore. Hi Ron, I agree. For those of us who are still holding Q the question is how to avoid another rookie mistake. As Walter pointed out all of the signs were there - I think there is a strong bias that past price behavior is predictive of future price behavior even though there is no rational basis for that belief. I think the next question is whether there will be much of a bounce and if that is a viable sell strategy versus waiting/hoping that Q will get expected revenues and maintain current margins. I saw that referred to as being "priced to perfection" in a Motley Fool article and wonder if it won't take a large growth in the business to get back there. It also casts a slightly different light on the continued insider selling. Market conditions in general seem to be scary - or maybe I am just aware of a lot more than when we were focused on the technology of a small Minnesota company. Good Luck, George D.

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