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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: Craig Stevenson who wrote (19157)	11/6/1998 12:29:00 PM
From: Eleder2020	Read Replies (1) of 29386

>>If I were a Reg D holder, and wanted to lock in a conversion price for the next four weeks, I would NOT have let the two most recent lows slide out of my conversion window.<<< Craig-Rather then chasing a low with decreasing selling power, and I were a Reg D holder who had 2 million shorts out there which will be covered by future conversions, I would think I could make more money selling the long conversion at this time letting the market absorb the shares at over 50% profit then trying to lower the conversion rate to get the equivalent profit over the next 2 months. Reg Ders are also keeping an eye on my future conversions as I still have to cover 2 million shares which I can cover in December and January's conversion with not much to spare. My guess is that we add 2 million to 2.4 million shares this month and 1.3-1.5 million next month with 1 month to go. Also guessing the shorts don't cover until December more likely January or February before we see a decrease in the short interest. Every time they convert they are effectively covered. Unless someone is knocking down there door for the certificates I don't even see the need to cover.

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