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: Douglas Nordgren who wrote (12121)	10/31/1997 8:22:00 PM
From: Eleder2020	Read Replies (1) of 29386

Douglas, Would we call that waxing eloquent. I appreciate your perspective on the state of Ancor. I guess I'll have to go have a few drinks first just to sober up. In a pretty good position of not being om margin and a paper loss I can live with, though it certainly is incredibly ugly and some of my ANCR is also deposited in my SEP. I would be a little surprised to see a buyout at this point, only because I can't imagine Ken Hendrickson thinking as being a short term strategy. On the other hand didn't imagine yesterday's results.I think the mistake is in not remembering one of the first rule in Investing 101,that the market only looks forward. So focused on 3rd quarter results and what the market discounted when the news came out was fourth quarter expectations and the fact that ANCR threw in the kitchen sink 2 quarters in a row for charges.I hope no more kitchen sinks out there. When Cal announced July as 2.8 million I think many of us took that as a sign that the angle of the ramp-up was very steep. Short or long ANCR has rarely been dead money. As you point out a traders dream for now. Here's to looking forward. Live in Greenwich Village where it's Halloween 365 days a year, but parade night is always special. Can't be any scarier then yesterday. By tomorrow afternoon I will be sober. Have a good weekend Ed

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