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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: Craig Stevenson who wrote (17542)8/1/1998 2:17:00 AM
From: PaperChase  Read Replies (1) of 29386
 
<<I was also a buyer yesterday at the same price as you, although I wish I had waited another day.<<

I sincerely hope this is part of a strategy to average down and get out at any manic upswing in price. To be gentle in my comments, there are too many "Ifs" in your logic. Most stocks like this one will touch a hair above $1 and then abruptly trade over $2 for awhile. I would think an exit price over $3 would be a huge gift.

"If" thinking isn't relevant when a company has poor management and vision. If (there is that word "if" again) the company's management were competent, the current situation would not have occurred. This will be an OTC BB stock by the end of the year with heavy tax loss selling starting in October.

It is not recommended that investors buy companies with incompentent managers and employees. Can you tell me how they have been competent?

How's that for gentle comments? Good luck to you and may God be watching over your shoulder.
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