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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: Ken Richard who wrote (18330)	10/1/1998 12:13:00 AM
From: Eleder2020	Read Replies (1) of 29386

Ken and Ice, I think for the Reg D guys to go long they assune risk. Why do that when they can lock in profits by shorting. The only shares they would concievably want to go long with are the last shares they convert. They have no real exposure on the shorted shares as that is a 15% lock at whatever price they cover at.Now if I was a Reg D shareholder I would take my last conversion (whenever that is) at say at 1 3/4. Then what would make sense is that the REG D guys would aid their newly converted shares by covering their short position and watch the stock soar. The risk is that there are no buyers for their converted shares but with FC really picking up and Ancor starting to get some contracts, I doubt that would happen especially if they sold over time to let the market absorb their shares. Just a thought. It seems like it would be illegal but I certainly wouldn't know that. Ed

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