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 (14213)	2/10/1998 2:11:00 PM
From: Alan Aronoff	Read Replies (2) of 29386

Craig, I'm with you. I have not been able to draw a firm conclusion from the price action due to the lack of volume follow-through. I'm really quite surprised that ANCR has managed to break several resistance levels without significant volume on any of these days. There has been a steady stream of moderate buying pressure over the last couple weeks with little apparent interest by the market to sell/short into the strength. I still believe ANCR would not have made it through the 50 DMA and beyond without some improvement in long term fundamentals. Muddy waters. News today: Cisco Systems Announces Gigabit Networking Solutions newsalert.com Compaq to Lead in Marketshare of Web Host Servers; Six of Eight Top Internet Service Providers Choose Compaq newsalert.com

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