To All,
After noticing my name being brought up several times here and on Yahoo, I thought I would drop by one last time to give everyone an update. I would have posted before this, but I felt that any post by me would be met by the typical "sour grapes" response. (This post probably will be met the same way, but given the recent ANCR price movement, I doubt that a single post by me will dampen the euphoria too much.)
1. Yes, I am still alive. <g>
2. My ANCR holdings consist solely of my IRA shares, purchased a LONG time ago at $10.75, and which are now (FINALLY) profitable as of the close on Friday.
3. Right before the "Ancor was not chosen to be the preferred supplier by SUN" announcement, I held 22,000 shares. (You do the math.) My total ANCR holdings at this point are 340 shares (that is NOT a misprint), and I have been at this level for months.
It is difficult to explain why I left, and have not jumped back on the ANCR bandwagon, but here goes.
The biggest reason I left is that I VERY MUCH disliked being (falsely) accused of being an Ancor hypester, an Ancor basher, a "Fibre Channel cult leader with a Messiah complex", and whatever the opposite of a "patient, long-term investor" is. I also grew EXTREMELY weary of dealing with Ed Schultz and his cohorts. As is quickly becoming apparent, Ed was wrong, and I (and many others) were right about Fibre Channel and its place in the networking world. We were just early. I'm sure that Ed will derive a lot of satisfaction from the fact that the "Fibre Channel cult leader" himself will not benefit financially from Ancor's success.
I also found it disturbing to see the hype start up again, especially on Yahoo. MKPROFITS and his band of hypesters had virtually no knowledge of Fibre Channel, or of Ancor. (MK posted several times that ANCR was a bulletin board stock.) I couldn't see jumping back in based solely on hype. Even now, any negative posts regarding ANCR are met with anger in an attempt to squelch differing opinions. That's the kind of thinking that got a number of us in trouble the first time around.
There were other reasons too, including the fact that the market seemed overvalued to me (and that was 2000-3000 points ago), persistent vision problems in one of my eyes, limited financial resources, etc., but I took a lot of arrows during my tenure on SI, and it got to the point where it simply wasn't worth it. I would sure have liked to be in the middle of it with the rest of you, but I just don't have the belly for it anymore.
I would like to commend those who were able to hold on until the Fibre Channel market finally materialized, and would like to offer my thanks and a special commendation to George Dawson, who has provided a consistent, level-headed view of Ancor and Fibre Channel in general. His handling of the many questions here on SI and also on Yahoo have been exemplary.
Lastly, I would like to thank those who saw some value in my approach to civility, those who graciously accepted mild correction <g>, and to those who may finally benefit from the Fibre Channel vision that I tried to explain over the years. I have mixed emotions right now, having spent over three years of my life waiting for this moment. It looks like Fibre Channel (and Ancor) finally made it. Unfortunately for me, it happened a little too late.
Craig |
