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: Craig Stevenson who wrote (11484)	10/17/1997 11:31:00 AM
From: Rick Smith	of 29386

Craig: Technically speaking ANCR was a strong buy at 9 3/8. Once it didn't rally from there, it created another strong buy signal three days ago at 7 7/8. Looks like it should be an easy trade to the 9 7/8 level where I anticipate the moving averages will converge over the next two or three weeks. But something else may be pushing this stock down that we're still in the dark about. I'm just not confident that technical analysis is going to work with this one right now. The earnings don't come out until 11-8-97 according to my screen. Maybe some positive things will come out prior to that. Good Luck. Rick..

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