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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: JB who wrote (12805)	12/2/1997 12:28:00 PM
From: janski	Read Replies (1) of 29386

' The news on the street is that a small brokerage house was closed by the SEC and there was a small position of ancr stock in their inventory which has been sold off. This was a small position, but it did have an effect.' Well, that explains everything. Thanks JB, I was actually getting worried that perhaps some investers were loosing confidence. Incidentally, the last time I heard explanations like this for a dropping share price was on the Nuko thread. Over there, it was margin calls causing CEO to unload his options and then year end selling by mutual funds in late October. And no, I don't think comparing Nuko and Ancor is fair but I wasn't the one who brought that comparison to this thread.

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