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

To: Ron Endres who wrote (23076)	6/29/1999 1:15:00 AM
From: Dennis J.	Respond to of 29386

On a point and figure chart, ANCR reversed up to print a column of six X's, and giving its fifth successive double-top buy signal. The first column of 14 boxes from a base of $6.0 to $12.5 was a 108% gain. The second column included the SUNW OEM announcement, began at 8.5 and ran 17 boxes to 16.5 for a 94% gain. The third column ran 9 boxes from 15.5 to 19.5 for +26%, and the fourth column ran 13 boxes from 16.5 to 5 for +52%. If the current column holds true, a gain of only nine boxes from 23 would reach 31 for a gain of about 35%. It is oft said that the news is in the stock price. So we may hear something soon. ANCR remains solidly long-term and short-term bullish, as I see it. Dennis