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

To: THOMAS GOODRICH who wrote (23349)	7/15/1999 12:22:00 PM
From: donald sew	Respond to of 29386

Thomas, Im just a TA, and would not have a clue as to what would happen to BROCADE. Contrary to what many believe, I really dont trade stocks but mainly an INDEX OPTION player. I was only in ANCR since when I first got into the MARKET ANCR was one of my first stocks. Frankly, I am quite bearish on the overall market, and feel that within 5 years the S&P will be trading back in the 15-20 P/E range. Right now it is around 30. If a bear market was to start in that time frame, it will be quite likely that the high P/E stocks could get hit the most. Im talking on a general basis. I actually feel that the INTERNET stocks, and lets use the DOT.X as guidance, could fall 75%-90% off their highs with some actually going under. When the bear market will actually start, I dont know. But for the intermediate term I am starting to get nervous and suspect that some sort of a market correction could start in the mid-AUG/SEPT time frame. There is also a chance that this correction could be quite large for several reasons. I will let others determine if ANCR will or will not be effected by a market correction. seeya