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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (22502)	6/9/1999 12:51:00 AM
From: George Dawson	Read Replies (1) \| Respond to of 29386

donald, I took a look at ANCR vs. BRCD vs. EXTR using a 10 trading day window since the BRCD IPO. I also looked at the initial 10 days of the EXTR IPO. Even though BRCD and EXTR are only trading a fraction of their shares due to the lock up provisions (11% and 14% respectively) these are interesting comparisons: Issue Total 10 day volume #days > 1M shares traded # days > 2M shares traded Price Range ANCR 15,823,300 6 1 9.375 ->15.625 BRCD 12,025,800 2 1 46.250 -> 59.750 EXTR(1) 18,094,800 4 1 55.374 -> 42.125 EXTR(2) 1,976,400 0 0 42.00 -> 46.750 Granted, this is a somewhat biased perspective, but I think at some level it may compare trading with a much smaller trading volume (BRCD and EXTR) to Ancor trading at nearly 100% of outstanding shares. The implication for me is that when institutions begin to accumulate the stock and Ancor's institutional ownership starts to move from 4% toward the sector average of 40%, it may be the next logical point at which the stock begins to rise. In my experience that point will not be publicly known. I think the only clue will be that Ancor gets regular NASDAQ listing. In my opinion, the real question that each person needs to decide for themselves is - do I really want to be out of the stock if that happens? Here is a 20 day chart of closing prices (percentages) of these three stocks: techstocks.com George D.