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

To: trendmastr who wrote (24024)	9/10/1999 9:03:00 AM
From: Patrick Sharkey	Respond to of 29386

Trendmaster, I, too, think it will be a very rough day, with more rough days ahead. As many say, when you are feeling really sick to your stomach, the time to buy more may be approaching. The details of the Ancor/SUN deal, which I did not understand until the secondary offering materials were published, certain surprised me and immediately caused me to think of Ancor being overpriced, but not overvalued. At that point a lot of selling occurred. Now there are others paying attention to the same level of detail, and they are selling. I now think that the stock will be underpriced significantly if it hits the very low twenties, or upper teens, which may be possible short term, perhaps even today. The price should concern us only if there is a need to be liquid; if not, in my opinion the price will again meet value at a much higher bid and ask in the mid- to long-term. Pat