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

To: Bob Frasca who wrote (24970)	11/26/1999 6:02:00 PM
From: George Dawson	Respond to of 29386

Three consecutive historical highs in short internet is definitely big. The short interest here has flexibility, since it is not the same short interest we usually identify with retail shorts. I am not sure about the mechanics, but I don't think hedge funds have to worry about margin accounts or margin calls. Having to cover at some point in the future gives them a lot of flexibility and probably makes them less nervous. I don't think they are betting on Brocade having an earnings disappointment. They are betting on the uncertainty inherent in Ancor's price due to numerous factors, Ancor's managements non-reactive style, and time. I agree that one or all of those factors can go away in a hurry. George D.