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: trendmastr who wrote (14389)	2/17/1998 2:03:00 PM
From: Alan Aronoff	Read Replies (3) of 29386

Just to throw a little water on the fire for the sake of not getting swept away with speculation, take a gander at Valence Tech (VLNC). It was flying high the last few trading days leading up to today's CC, running from the mid $4s all the way to $7 5/8 this AM. A lot of excitement on the VLNC thread with many believing the recent trading activity had indicated that VLNC had finally turned the corner. Turned out to be not much more than traders jumping on the bandwagon once VLNC crossed $5 1/2 resistance last week. CC was a big letdown although long term outlook still appears positive. I believe the move from $8 to $9 in ANCR is based more on technicals than anything else. I feel pretty queasy at this level without some solid news to support the price...

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