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

To: Nine_USA who wrote (23565)	8/3/1999 4:30:00 PM
From: Patrick A. Kelly	Read Replies (1) \| Respond to of 29386

Pa-pa-pardon the panic in my fingers, but is there a problem here? I have been patiently sitting at my screen with a greedy little grin on my face for a month; now, fear is filling the pit of my stomach. We have climbed a long way up the rope and were feeling safe about the knot at the top. Having tolerating some slippage last week, we didn't get really scared until the jerking and shaking showed up today. We have managed to hang on, and we even bought two more lengths of rope today! My question is this: Can anyone see what is going on up there? I need some hand holding or whatever you call it just before one yells "HELP!" Any explanation would be listened to and appreciated! Thanks, Pat

To: Nine_USA who wrote (23565)	8/3/1999 8:00:00 PM
From: Nine_USA	Read Replies (1) \| Respond to of 29386

Now I see how easily a message is misconstrued. Earlier today, I posted this: <<The 2dry underwriters have a deal which is similar in some ways to that of the last preferred. The underwriters will control 10% of the total common, whereas the pref'd controlled about 12% when it was first issued. The pref'd deal was guaranteed by virtue of the discount on the stock price. While not guaranteed, between the underwiters and the market makers, the price can be brought down from 33-34 to mid twenties. This makes for nice profits to the MMs, the underwriters, and their institutional (stock buying) clients.>> --------------------------------------------------------------------- ========================================================== Someone on Yahoo read my message and posted this on Yahoo: ========================================================== check out SI thread by: cisko96 (33/M/Cleveland, ohio) 12471 of 12484 Some guy on there. herb herman I think his name is. Says the underwriters have a deal with the company where instead of bringing the secondary at 33-34 they can bring it in the mid twenties so that the institutions can make some jack. Has anyone one heard anything like this. Please someone read the post. I figure the stock was down with the market. 50 day moving average is approaching...that should hold..then again after seeing this past few weeks anything is possible. --------------------------------------------------------------------- Obviously, in no way did I suugest that there is a 'deal' between the company and the underwriters other than to bring the secondary to market at a time and pricing satisfactory to Ancor.