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 (18069)	9/16/1998 1:50:00 PM
From: Kelly Igou	Read Replies (1) of 29386

I think this is the turning point. Now that the shorts have started to cover, this should be a clear green light for buyers to jump in before it goes higher. This buying will support the momentum begun by the short covering. If we can close at or above 1 3/4 today, we could see a real frenzy of covering tomorrow, with shorts trying to lock in profits. Not really a squeeze, but the next best thing. If we could then confirm that the overall short position has been significantly reduced, this rally could seriously feed on itself. Ah, hope springs eternal! No response required from you, Schultz.

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