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: Patrick Sharkey who wrote (19266)	11/10/1998 12:15:00 PM
From: Patrick A. Kelly	Read Replies (1) of 29386

To anyone: I realize that this question may reveal my naivete', even from someone long for several years, but what does it mean when the bid/ask is so tight? I (Sorry: WE!! My wife is looking over my shoulder) am (are) already averaged down to a respectable cost basis, but would like to gobble up some more at these prices. Is this as good a time as any, or do you folks see a dip much below $2? It would appear that the tight spread is an indication that buyers are taking all that sellers (regardless of who they may be) are putting on the table. Also. I think I remember someone posting that the tightness means that investors have taken over the control of prices (from market makers). Thanks in advance! Pat and Corinne

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