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: Greg Hull who wrote (18987)	10/30/1998 11:20:00 AM
From: Craig Stevenson	Read Replies (2) of 29386

Greg, You and I are thinking along the same lines. IF (Big IF) there is no longer any incentive for whoever is working the short side of the game to force the price down, I think the lows have already been seen. On the other hand, if somebody with sufficient firepower wants to force the price down to lower the conversion price even further, then we could face some uncomfortable moments somewhere down the line. I will be curious to see the market action on November 2nd, when the Reg D guys get another 15%. (Do you know for sure what date that takes effect?) The only reasons I can think of for someone to work to depress the price is if they don't already own the maximum number of shares, or if they are short. If the short entity already used up his ammunition, ANCR should trade normally, as it has done recently. One thing I thought of is that maybe it would be possible to work backwards from the short interest numbers to find out who owns (through the conversion) enough shares to short that much. That alone might be enough to eliminate Tailwind. (I believed him yesterday, and I still do.) Craig

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