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: Craig Stevenson who wrote (17989)	9/10/1998 7:17:00 PM
From: Nine_USA	Read Replies (1) of 29386

Craig, <<It also makes sense that they actually believe in the company's prospects going forward, or they certainly wouldn't want to own the maximum number of shares>> I don't think I agree with your logic here. If the Reg C people found themselves no longer believing in ANCR's prospects going forward, all the more reason for them to short as hard as they could in order to profit on the downside AND to bring down their average cost per share. To NOT short would have meant no profit to them as ANCR declined and to be converting at a HIGHER price than had they played ANCR short for big volume. In any case, their cost going in was fixed to about the $11.5 million and their interest going forward would best be served by ending up with the largest number ANCR shares.

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