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: Dean Wilson who wrote (14316)	2/13/1998 4:08:00 PM
From: Alan Aronoff	Read Replies (1) of 29386

Dean, One big difference is momentum. Last Q, the momentum was decidedly on the downside. ANCR broke below its 50 and 200 DMA in the weeks leading up to the earnings report. This Q, the momentum is decidedly on the upside. ANCR has climbed above the 50 and 200 DMA in the weeks leading up to the earnings report. I am assuming there are some positive developments that we will be hearing about shortly. I have no idea at this time whether the market has already overpriced this "news" into ANCR leading to a post-announcement selloff. Wish I had a cat! <g>

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