SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: PAR who wrote (24211)9/30/1999 8:35:00 AM
From: ShamukE  Read Replies (3) | Respond to of 29386
 
If the stock continues down, I think that we'll see some support at 16-12-10-8. These are numbers that I never thought we would see again. BUT!!!

Perhaps, we are going to close what might be perceived as a gap just below 12.87 that was formed back in June.

Can anyone try to explain the actions of this stock in comparison to the movement of others in this group. In dollars, it's almost hard to believe. In percentages, we're still not doing bad.



To: PAR who wrote (24211)9/30/1999 9:32:00 AM
From: Paul Moerman  Respond to of 29386
 
Yes, I've been buying back every point or so of drop since 23! Have to admit it's getting scary though.



To: PAR who wrote (24211)9/30/1999 12:51:00 PM
From: THOMAS GOODRICH  Read Replies (1) | Respond to of 29386
 
In this new era of trading it seems as though analytical tools are becoming less and less reliable when it comes to predictability. The action today looks like short covering. ANCR should do very well over the next few years due to anticipated high demand for quality switch gear.



To: PAR who wrote (24211)9/30/1999 10:54:00 PM
From: nick chacos  Read Replies (1) | Respond to of 29386
 
Par, I disagree. Ancor's behavior looks alot like the move from around 1 last October up to 9 or so (up 8x) in January then the sell off to around 4 3/4 (down 50%). Since then we ran to 38 (up around 7x then another sell off to around 20 (down 50%). Looks about ready for the next leg up to me.