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 (12699)	11/28/1997 4:55:00 PM
From: THOMAS GOODRICH	Read Replies (3) of 29386

I doubt ANCR will be affected by tax sellers this season as the share price is already well rung-out. Most of the 10+ speculators have either sold or margined-out (or in) and it's likely those few remaining in the stock will look to take profits and losses elsewhere. In the event we do see a break-out below $5, perhaps the best strategy would be to sit back and look for the $3's. Not a likely scenario unless questions are raisied as to whether or not Ancor is a going concern. BTW, many are not expecting good news of significance until the second half of 1998 when FC is expected to begin ramping up. Tom Goodrich

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