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: Patrick Sharkey who wrote (12861)	12/3/1997 2:00:00 PM
From: John Curtis	Read Replies (1) of 29386

Patrick: "Volume hugh." Eh??? I hate to disagree but I consider ~46,000 shares traded at 1:30 to be pretty meager myself. But that's okay in light of recent days activity combined with the NASDAQ blowoff in tech stocks. Although I got a "for giggles" bid to buy at $3.5, it appears the slide has shallowed out, so perhaps we're near/at bottom. If so I expect the stock to wallow around sideways with a slight negative bias until the usual end of year nuttiness is past. Assuming it stays around the $5 range until year-end I expect to jump in come January 1(or thereabouts). Regards! John~

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