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 (14077)	2/3/1998 1:27:00 PM
From: Kelly Igou	Read Replies (1) of 29386

<<I'm not sure which way to go on ANCR. This power move has me wondering what news is out there that we don't know.>> I'm not either, but the lack of heavy volume makes me believe it's a purely technical event. I would expect close to a million shares to trade if there was a solid rumor of news - not a little over one hundred thousand. My guess is that as soon as the current set of buyers establish their positions, assuming no news, the stock should slide back down again, but probably not all the way to the $5 level again.

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