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: Jay Quinty who wrote (13205)	12/18/1997 7:28:00 AM
From: Wayne Pollard	Read Replies (1) of 29386

<<<Looks like the margin calls are being hit again. Ready for another round of selling??? THis one is bleeding to death slowly, but surely. I think many are throwing in the towell. Our next support level is 3.>>> Looking at ANCR's chart for Dec (price and volume)... clearly investors are selling for tax loss. The weakness in buying can also be "explained" (understood) by the fact <$5.00 price means no margin purchasing. How many "tech heavy" investors have cash laying around after the last 90 days??? Hopefully, the "raising capital issue" as well as OEM's will develop in the coming quarter. I still see more upside than downside... all things considered. Thoughts? VR, Wayne

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