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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: Ed Schultz who wrote (9818)9/5/1997 1:33:00 PM
From: Craig Stevenson   of 29386
 
Ed,

<<So tell me again why anyone would want to own this dog? If they can't sell this to the brokers, they certainly can't sell this to the average investor! Oh yes, I'll get the usual answer of new switch, new management, big orders, great technology, good numbers for the next quarter, things are different this time, etc.>>

I'll give you a different answer. Because half of all trades are wrong. Every share of ANCR I own was purchased from someone who thought the price would go down. Sometimes they were right, and sometimes I was. If I felt the way you do, I'd be selling or shorting ANCR.

Craig
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