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


To: Grainne who wrote (25446)1/8/2000 7:58:00 PM
From: Lhn5  Read Replies (1) | Respond to of 29386
 
Tell your husband to:

1) Rearrange his sock drawer.

2) Bring your recyclables to recycling center instead of throwing them away, and he can keep the money.

3) Use the money to buy you some flowers

4) Leave the investing to you

By the time he is done, ANCR will be open and trading again.



To: Grainne who wrote (25446)1/9/2000 10:25:00 AM
From: KJ. Moy  Respond to of 29386
 
Christine,

<<and is looking for assurances that ANCR will not drop another ten points.>>

I don't think anyone here or Yahoo can assure that. Having said that, IMO there will be clarification from Ancor management Monday morning before market open. I believe the relationship with SUN is still solid.

I still believe the trading action Friday was precipitated by deferred profit taking, technical break down, short selling, stops being hit on the way down, panic selling. And, it is overdone. We probably will see a gap up Monday morning IMHO.

Another thought just came into mind. On the way up from 20 to 80, many short sellers lost big, I mean really big. Hedge funds , HG and associates are on a death wish to bash Ancor any chance they've got. I would not be surprised a good percentage say 20%-30% of the volume Friday were shorts. They won Friday. Would they hold or cover soon?

KJ