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

To: BuzzVA who wrote (23585)	8/4/1999 10:44:00 AM
From: jim g.	Read Replies (2) \| Respond to of 29386

Placed in context the downdraft in ANCR is understandable, long term holders have it tough sometimes because such market volatility make You look like a genius one week and an idiot the next. Obviously there has been a wholesale re-evaluation of the tech stocks recently, especially the internet stocks which has spilled over into the SAN stocks, but it is about over. When is the last time anyone saw the dow up over 100pts. and the nasdaq down. If it was just ANCR going down I would be concerned. The people who were counting there money at 35 are panicing, the smart people are buying, and it won't be hard to do the secondary at these prices. Look at some old charts of the big historical winners, they just don't go straight up.