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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 (17989)9/11/1998 12:54:00 AM
From: George Dawson  Read Replies (2) of 29386
 
Craig,

One additional thought - if you assume that you really want to be long Ancor and you are hedged with both a short and long position and you know that there is a potential deal coming that would be enough to force you to cover - this is a potentially precarious position (depending of course on the price you shorted the stock at). Just covering will create some upward momentum. I would think you would definitely want to be covered before there were any significant announcements.

George D.
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