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: Patrick Sharkey who wrote (17512)	7/29/1998 8:07:00 PM
From: jim g.	Read Replies (1) of 29386

It traded 245,000 shares today, how do you know that some of the buying was not short covering. Of course the best short in the world is when a stock goes to 0 because you don't have to cover, there is no closing transaction and therefore no gain officially recorded. So you would not have to pay taxes. But I dont think that will happen here these tech stocks always go to high and also too low. This has to be a terrific buying opportunity.

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