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: Fang Li who wrote (12609)	11/21/1997 12:26:00 AM
From: Arthur	Read Replies (1) of 29386

>I will jump in to average down my share price, otherwise I am >prepared for the worst-- put Good until cancell order at $3 1/2. >Any comments about my strategy? By the worst I assume you mean something like the "going concern" business earlier this year that caused a sharp dip in the stock. I would recommend a GTC around 4 1/8 though as I think if there is such another dip ahead a lot of buying will come in around 4 and it probably won't make it to 3 1/2. Personnally I think the present price is a good entry point and have started buying back shares sold earlier, some Monday at 6 5/16 and more today at 6 7/16. Good luck, Arthur

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