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: JB who wrote (12805)	12/2/1997 3:08:00 PM
From: Rick Smith	Read Replies (2) of 29386

JB: I don't generally comment on rumors, but since YOU brought it up: The brokerage firm in question, as I understand it was Myers Pollac out of Florida. They had decent sized positions in ANCR as well as some other small and micro cap stocks. Not only did they have to sell their inventory (and in some of their stocks it was quite large) but their clients also sold because they didn't want to be left with stock that a firm closed by the SEC had sold to them in the first place. My understanding is that option activity in the stocks, that they were market makers in, went up substantially in some cases. Presumably by clients looking to hedge their large positions as they sold. Glad you brought it up. If you have a different version, let me know what you have heard. Rick..

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