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

To: arpad toth who wrote (22631)	6/13/1999 4:00:00 PM
From: Eleder2020	Respond to of 29386

Arpad-Bob-There is no short answer out there. Obviously the longs think it is undervalued but what do they know,<g>. There are 20,000 posts for you to find at least some useful information to make your decision. Just 1 post today gave a helluva 3 year synopsis that was incredibly persuasive. To me shorting some more would be the gutsy move.Report back how you do?<gggg> Douglas-Really enjoyed your post on Anthony@Pacific.It was very cinematic. No white flag and no guns. It had me grinning ear to ear. Thanks, Ed

To: arpad toth who wrote (22631)	6/13/1999 4:38:00 PM
From: Robert C. Nusbaum	Respond to of 29386

Read the following press releases since Sept 98 (the past) and the ensuing analyses on this board: Boeing (AWACS), INRANGE, Prisa, Forefront Graphics, JNI, nStor, CONSAN, MicroNet, Hitachi Data Systems, Sun. ancor.com Yes, the price rise is justified. Don't panic...just cover.

To: arpad toth who wrote (22631)	6/13/1999 6:17:00 PM
From: donald sew	Read Replies (1) \| Respond to of 29386

Arpad, >>>> ANCR lost money in 5 years in a row, the stock went from 6 to 17 1/2 in three mo. Is this justified?? <<<< It may be too simplistic, but there is the old saying of "DONT FIGHT THE TREND". I am not a fundamentalist so I do not have the ability to justify it based on fundamentals. But as a technical analyst I can say that it is a clear strong uptrend at this time with no clear signal of topping yet. You may not believe in technical analysis, which many don't. So lets stick to the most basic principles of TA, which even good fundamentalists will not ignore - and that is that ANCR is producing HIGHER HIGHS and LOWER HIGHS on the charts and is in a very clear uptrend, regardless of what the fundamentals are saying. Eventually the market will require ANCR to back its price with actual earnings, but when that will happen who knows - it could happen tomorrow or it could happen months from now at much high prices. So the key is to follow the trend. I am now an experienced technical analysts, but in the past I have also attempted to guess the top sof momentum stocks by using fundamentals. In most of those cases I lost out, so I have learned to identify and follow the trend. I have also learned not to short momentum stocks since a bit of good news could send the stock rocketing. Shorting momentum stocks are just too unpredicable in a bull market, so all of my shorts now only take the form of PUTS on INDICES. I guess the best way to explain it, is that ANCR is a momentum stock now and at this time the market does not require it to justify its price on fundamentals. Eventually it will be required but who know when. seeya