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: George Dawson who wrote (18456)	10/10/1998 1:21:00 AM
From: Eleder2020	Read Replies (1) of 29386

>>>1. This fund had plenty of shares to short beforehand. This is a strategy that is apparently used in these deals, since the stock price will decrease with the conversion - either in the case of dilution or the increasing short position. In that case these shares could have been used to cover this pre-existing short position.<<< George that makes total sense as a way of starting the process of conversion. This really fills out the dynamics of how this is all done. Good pick-up. >>>All in my opinion and if I was a financial expert I probably would not be long ANCR at this time - but I am.<<< LOL-Maybe it is like a Close Encounter of the 3rd Kind, and for some inexplicable reason we are all just drawn to Ancor.

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