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: Nancy McKinney who wrote (19153)	11/5/1998 10:44:00 PM
From: Eleder2020	Read Replies (1) of 29386

Craig-Reg D holders had a new conversion somewhere between $1.06 - $1.16. Perhaps they've picked a new strategy. It is possible that they still could be selling into the buying at this level for a nice 50 to 60% profit. I think the benefits of selling the last conversion at a nice profit out weigh them doing massive selling at this point. They could be selling a little at a time here with one eye on the conversion rate making sure that they can cover their short with the next conversion. I imagine if they saw some weakness(bad news) they might attempt to pile on or at least try to get out as much at a higher price before they would attempt another assault that may have some risk if it wasn't successful. They probably have a software program that figures it all out for them. Ed

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