The New QLogic (ANCR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: peter grossman who wrote (13961)	1/29/1998 1:48:00 PM
From: Alan Aronoff	Read Replies (2) of 29386

Peter, My fresh fish sensor started heating up as ANCR managed to climb and hold at its 50 DMA. The sensor went full on today as ANCR crossed $6. Regardless of the seemingly low volume, I can only explain the action as "buying before the news." And with regard to the volume. I just checked the average daily volume during the May-Oct '97 rally when ANCR went from $4 to $11. The 30 day moving average for volume on May 1... 124,000 June 2... 112,000 July 1... 125,000 August 1... 184,000 September 2... 212,000 October 1... 165,000 November 3... 182,000 As one can see it did not take a lot of volume to propel ANCR significantly higher over this period.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next