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

To: KJ. Moy who wrote (24505)	10/27/1999 7:37:00 AM
From: Nine_USA	Read Replies (1) \| Respond to of 29386

The Nasdaq October short interest report is summarized in today's NY Times, but does not include ANCR. If someone has the ANCR number, please post.

To: KJ. Moy who wrote (24505)	10/27/1999 9:24:00 AM
From: jad	Read Replies (1) \| Respond to of 29386

Brocade(BRCD) To say this stock has been turbulent the last 2 days is the same as equating a trip to the store to a trip to the moon. Since Friday's close, the stock has been more like a trip on a roller coaster. The stock has added little since then (+4.88), especially considering the run up last week. But if you just look at the price and think the stock has been quiet, you are reading the wrong tea leaves. On Monday, the stock opened down over 2 pts (267), then gapped up to test 280 within the first 15-min of trading. By midday, it traded down to 260.50 before rising to close at 273.88. The opening Tuesday was just the opposite, with the stock opening up 6 pts (279.88) before trading down to just above 275 and then trading up to 289.88 (all time high) all within the first 45-min. Needless to say, there had to be some back filling from the test of 290. The stock traded down over the course of the morning to its midday low of 270. From that point forward, the stock remained range bound between 270-275, closing near the top of the range (good sign). The fact that the stock backed off some after this mornings' launch (opening) offered up a very good entry point for what may very well be the final push to 300. In addition, the activity this afternoon created a congestion zone which should act as good support for the next leg up, keeping in mind the stock is not much above its 10 & 20 dma's (273). As the last couple days indicate, you need to let this stock breath, so you can't keep tight stops. Adjust your trades and your seatbelts appropriately, we're now preparing to leave this atmosphere and enter orbit. LONG UPDATE!!from Internet Investor 10/26/99 $274.25 TARGET=300.00 STOP=259.00(new) RISK=5.0