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: John Curtis who wrote (12294)	11/6/1997 9:50:00 AM
From: iceburg	Read Replies (1) of 29386

John, We had dropped to 7+ before the CC. That CC news drove it to here. There may be another pullback, but I expect that the street will know, maybe even before Ancor, how they are faring on the OEM fronts. If&When smart money discovers they are landing large deals, the price will ascend inexplicably and we will be stuck buying back our shares at a much higher price. Risk reward looks impeccable here as long as you stay away from dangerous margin levels. I am hedged here. I have plenty of Ancor but I plan on buying lots more should she dip from here. Steve

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