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: Craig Stevenson who wrote (13523)	1/7/1998 1:56:00 PM
From: ed doell	Read Replies (1) of 29386

>>Ed, What do you technical analysis guys think of the recent stock action? << Hi Craig, Somewhere back there Alan and I collaborated on an analysis. I thought at the time that the calendar supported his thinking. There's some technical damage in the 5-7$ range that will take some time to heal. It's up against the top BB and the 50dma and will probably get some resistence there. If it does a pullup over the 50dma and sticks there, that would be an excellent signal. Clearly the downward trend is reversed. I would expect it to go sidewise (base) in the 5-7$ range for awhile. That would be a very good thing for the stock to do, patience testing for investors, however. On the horizon: I think stocks like ANCR might trade weakly in early spring, and this is not a happy market to begin with. I think ANCR is holding up well. Anything above $5 is good. Thanks for asking. I truly appreciate your sense of humor, Ed

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