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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: Jay Quinty who wrote (12059)10/30/1997 9:09:00 PM
From: iceburg  Read Replies (1) of 29386
 
Not in a jovial mood!!!! Where do we go from here????

Rancor towards Ancor. Pretty much sums up the mood of the longs and the once long. I think we go down hard and recover a good portion near the close. Just an educated guess. Bottom at 4 7/8, close 5 7/8. 7 next week. 22 3/8 come Christmas or Jan 10th.

Oh mike, the light at the end of the tunnel is there, of course it is the Ancor bullet train coming at us - splat! Conservative is one thing. An attempt to shoot down hope is another. One broker had to pull their teeth just to get them to admit they were still working on projects out east. It was like they were taunting people into selling. I wonder why? Wait a minute, I figured it out (and J.B. is about to explain it. take it away J.B.!).

Steve
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