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: BuzzVA who wrote (13592)	1/11/1998 11:56:00 PM
From: Jay Quinty	Read Replies (1) of 29386

Buzz, <<Let the market do it's damage to the stock (hopefully not) THEN begin to rebuild market confidence with all of the news we've been waiting two years for.>> I think the ugly Q4 numbers are already built into the stock. After all, the stock has lost over 50% of it's value in the last 3 months, and at one point was down nearly 75% from it's recent high around 12. That's not to say that we can't go down again, which we likely will, but I think the downside is limited at this point. One thing that would certainly prop up the stock down here would be some news regarding financing. That would be very nice. Hopefully it will come sooner, rather than later. Craig S., What is Kinnard's rating...still a buy? I would think so if they have a $10 target on the stock. Jay

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