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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: Eleder2020 who wrote (17928)9/2/1998 11:12:00 PM
From: George Dawson  Read Replies (1) of 29386
 
Ed,

Right you are. All of us who have been hanging around this thread for news realize that the Boeing deal gives Ancor some more breathing room, but in terms of valuation and stock price it was a non-event.

I am still looking for theories on the stock price, shorting this stock, and day trading. For the record, I am always long and have never shorted or day traded any stock. I heard Cramer on CNBC talking about how shorting is required to provide a stable market. Apparently the Hong Kong exchange discontinued shorting today, in an attempt to stabilize the market. Cramer said: "When you buy a stock, you don't think there is somebody there to sell you the stock do you? The shorts are there to sell you the stock. You need them to make a stable market?" He was serious and not being rhetorical. I think that NASDAQ limits shorting at a certain level. In fact, I thought that ANCR was in that situation (UPC-71?) but have not seen that corroborated.

I think that many of us know the technology. What about the economics?

For those who have expertise in shorting can you answer any of these questions:

1. Would you try to short a stock in this situation to zero?

2. Would you short, gambling that it would be delisted and probably be fairly erratic at some point less than 1 but greater than zero?

3. Where do you get reliable data on current (as of today) shares and short position?

Thanks,

George D.
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