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: nic who wrote (20897)	2/26/1999 8:10:00 AM
From: Patrick Sharkey	Read Replies (1) of 29386

Nic and George, I am curious about why a drop in short interest is good news? While I can understand the view that short interest reflects some type of collective opinion that the company is valued appropriately since short sellers have stayed away (as it should be considered, given the advances made by Ancor with customers), and that others in the market believe so as well, a large short position means that there is covering in the future which will drive the price up, at least temporarily? In that regard a small short position (which appears to be only two days of trading volume) is not a positive factor. Pat

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