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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 A. Kelly who wrote (20549)	2/2/1999 10:37:00 PM
From: Eleder2020	Read Replies (4) of 29386

IMHO- The press release today was probably the best PR Ancor has ever had outside the Ancor world. It put Ancor up their with the players in the SANs market, in particular EMC and HP whose PR get alot more reading then Ancor's in a time when the SAN's market is starting to get noticed.The fact that ANCR will be working on standards has it's obvious benefits. Looks like Ancor's a player today. Maybe ,I'm overly optimistic but I thought this was a huge day. Good day for TA today again. The 50 100 200 dma's lining up nicely. The BB's continue to tighten and we just need a little more weakness in the money flow to really get into a full windup.I expect that Wednesday and Thursday may look alot like today.With the BB's you want to hold $7.25-$7.50 intraday at this point. Ed

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