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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST

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To: Roger Arquilla who wrote (14360)2/15/1998 11:46:00 PM
From: Jay Quinty  Read Replies (2) of 29386
 
Roger,

Many on this thread have been suggesting that the $8.00 mark is the magic number to get above before committing to buying on margin. From the looks of the chart, the move above $8.00 on Friday was quite solid, and it's likely that many on this thread were involved in that move. This has been a pleasant 6 week turnaround, to say the least!!!
As long as the trend remains up, buying the dips is the strategy. Who knows what the cc will bring?? I'm sure the stock will be volatile that day, so it may be wise to wait until after the (lack of)earnings are reported.

Personally, I've got all I can manage at this time.

Jay
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