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: Lancelot de La Rochelle who wrote (13433)	1/4/1998 9:37:00 PM
From: janski	Read Replies (1) of 29386

">>No real buying tells the real story though<< This particular story changed ever since you posted your message on Wednesday morning. Can you do that again on Monday morning? <g>." If I were to take a bet I would have to say that it was mostly speculators, some long term investors from this board, and shorts covering that made up the latest rally. Year-end rally/January effect were predicted on this board a month plus in advance and people also made good on their promise to buy back in new year what they sold after the October conf call. Maybe all who were planning to buy decided to get a leg on the crowd.. It could continue, especially if chart readers decide the technical picture looks good. It could as easily give back its 40% gain just as fast. There is still no financing officially secured, not OEM's, no significant contracts, and a possibly dismal Q4 numbers to come in.

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