Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kerry Lee who wrote (22584)	6/12/1999 8:24:00 PM
From: Lhn5	Read Replies (1) \| Respond to of 29386

Kerry has made some good points. In particular, in these happy times, recall that one should try to verify elsewhere any data posted here before making any decisions based upon the data. And don't take things personally. May the force stay with us.

To: Kerry Lee who wrote (22584)	6/13/1999 2:25:00 AM
From: Westwoodguy	Read Replies (3) \| Respond to of 29386

Credibility. Its definitely an issue here no doubt and rightfully so. No offense taken... not in the slightest. I completely understand that due caution should absolutely be applied. Please, I am not asking for anyone's trust here. I am just calling it the way I see it. That's as far as I will go. I want that straight right now. Trust no one in the market. Listen to them OK. Trust no. Hopefully, through all of this you might learn something of value. I sincerely hope so, otherwise I'm just wasting our time. And there is so many equally pressing issues at play right now in the descending order of what appears to be your concerns. 1.) Who are you masked stranger? (Emperor?) Wow! Call me that if it pops to 28 in 4 days, OK? At least for a day or two. No, I am just providing posts and observations from the trenches, and its been real interesting on this stock to say the least. Ms. Lee, I will attempt to intelligently address your concerns which mirror a great deal everyone else's concerns as well. You know and I am a trader. That's my living and to make a living I will apply all of the proper fundamentals of trading. Clean and simple. There are thousands and thousands that are just like me. Doing this everyday, day in and day out. Books written about us and our profession. That aside, I do know some of the people you have mentioned. I have never directly worked for any of them, however, I have been offered positions within several of those types of firms. Turned them down everytime. I'm happy where I'm at right now, besides the hours. I'm a westcoast boy, and very proud of it, never been to Minnesota in my life but want to, had plans to go about 8 years back, but that little planned exploration unfortunately was cancelled. Thinking about paying a visit to Minnetonka though. Maybe even the analyst conference in Minneapolis sponsored by Piper Jaffery next week I've heard about but still waiting to get confirmation on. Anyone have additional on this? I've been to busy, well, basically typing to follow it up. But I plan to start that real soon and stop this pretty quick. I think I can get in even without an invite although that would have been nice. Because that should be one very interesting time. (I'll be the waiter). 2) Accumulation. Its happening, been happening, and will continue to happen. But how big? And did I catch them quick enough because its been going on for a good 4-5 days, really kicking in the last two. What really annoyed me though was that it was also apparant they were going to apply a ceiling Friday, creating an artificial double-top, watch it drop back to the low 15's and go on their merry shopping spree over the next week under everyone's noses. That got me. Covering their tracks is one thing, trying to pull that was too much. And I saw it coming on Thursday. And they got smoked out, and busted. The jig is up as far as that is concerned. 3.) Who is accumulating? There's definitely more than one I can tell you that. The way it kicked in Friday I'd say up to 4 sources, it was whipped into a froth. And we certainly added to it at the right times. This is what I'm trying to tell all of you, we flushed them out into the open. They are exposed. This quiet accumulation was thrust into the open and the stock is primed to go ballistic. Its now in free range territory. A massive run-up is quite possibly about to occur. Their out there dangling and haven't nearly finished their shopping as far as I can tell. I'll get in to the technicals soon but have you ever seen on a bar chart those stocks that slowly move up, then make a good run for a week, get tight very briefly and then really take off. Big massive moves straight up over three days or so? I think we may have that. But please, this is just a call. Not the gospel. An experienced, gut instinct, call. Its got all the makings of it thats for sure. But whether the market in general will support it I'm not so sure. I think it will, just have to wait and see. This is a possible free-range breakout. On your stock. Unfortunately, I must leave for a minute. But I will come back and try and get this focused a bit more regarding some of the possible scenarios going on. Just start connecting the dots. All this is mute to most of you anyway your safely tucked in. Enjoy the ride. Westwoodguy