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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: iceburg who wrote (11570)10/20/1997 7:15:00 PM
From: Craig Stevenson   of 29386
 
Steve,

<<I reclaimed some more trading shares today>>

I reclaimed a few of mine too. No guarantees, but this looks like the bottom somewhere in here. Merrill was not as active a seller today, and spent a fair portion of the day at the bid. Maybe the big seller(s) that they had won't sell for less than 7 1/2, or maybe they don't have any more shares to sell.

I was a little bit encouraged by the Alert Newsletter mentioning that they expected some fund managers to start buying this week. Hopefully, that means that we are finally getting more widespread exposure. It certainly can't hurt.

Craig
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