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: Roger Arquilla who wrote (15876)	4/23/1998 8:38:00 PM
From: Eleder2020	Read Replies (1) of 29386

Roger-This isn't probably going to help any but here goes.One thing is that I agree with Alan that it is to tough to call . The Bollingers Bands sitting right on the fence. Ancor held at least for the day the low that was made about 12 days ago when the intraday price also touched the lower of the Bbands at 6 1/4 which was also the low 16 days ago.6 1/4 seems to be a key support area, so I don't think I need to say more.Stochastics not really compelling either way.RSI a little bullish. The thing I saw today was the silence in the volitility was deafening. It makes me think that the TA traders are driving this bus(a scary thought) until the fundamentals become clearer not only for ANCR but for Fibre Channel.I was even expecting to see a possible break downward towards the end of the day just to put a little fear in us (but I'm not selling anyway) but it held that 6 1/4 on the bid for the few times, I had time to check. It certainly would be of interest to know which if Kinnard and the MM's were buyers or sellers today. I think it would tell us something. Earnings and CC coming soon so I think these factors also playing a part in the lack of volitility the last few weeks. It would be nice to know: Kinnard(and they haven't always called it right either) slowly accumulating in dribs and drabs, slowly selling inventory the same way or are they as clueless as we are in what ANCR has in store for us for the 1st quarter. Management certainly has stopped the leaking of info from Minnetonka. I have noticed( and really take this one with a grain of salt, aspirin and not quite as reliable as tarot cards) that before CC's ANCR seems to drift on low volume in the opposite direction that it is ultimately headed for the intermediate term, but that's what the BB's are often telling you also. So my gut feeling(even more unreliable) is that we are due for some positive forward looking comments(a sure sell signal!!!) from ANCR that involve the fundamentals of the business and hence heading up in price sometime in my lifetime and I think alot sooner. If this didn't help, I can understand the sentiment- Good luck- Ed Ed

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