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

To: The Phoenix who wrote (25677)	1/19/2000 11:11:00 PM
From: Joe Wagner	Respond to of 29386

Gary, watching the stock drop is tough, but I got to buy more once again. Back when it went from 4 to 8 when Hitachi announced it's OEM, I got lucky it dropped back to 4, and I bought more. After it went to 38, I got lucky, it dropped to 15, I bought more around 25. After it went to 94, I got lucky, it dropped back to the 30's, and I bought more at 42. After it goes to 360 I will be very glad it did. I feel bad for the people that get squeezed out, or trade it and mistime it. But if you truly believe in this company, like I do, and you don't plan to sell for a few years, this is just a bump in the road to take advantage of. Two things have allowed the market manipulators to drive the price down, 1) Ancor missed their revenue target, making brokers misperceive a problem in launching their product- we know everything is fine. 2) Brocade press release comes out about their wonderful revenue projections and how they will exceed target. This combination accentuates the misperception that Ancor may not make it and that Brocade is the winner. Market manipulators have leveraged this situation to the max, and have the overleveraged margin players pinned to the mat until they give up all their shares. The tide will shift, and when it does, the market manipulators will play the new game and drive it back up after they load up. JW

To: The Phoenix who wrote (25677)	1/20/2000 12:20:00 AM
From: iceburg	Read Replies (3) \| Respond to of 29386

Gary, You are right, no new investor wants to hear about how people bought in at $1. This stock is a POS right now but the company is not a POS. The important things to remember are that: - The company is stronger now than when you bought. - The stock is being artificially creamed by a well thought out and orchastrated attack. The carnage will not last. - The shorts will wind up actually helping those who added or held. (loaded spring scenario) Look for the short interest to have jumped a lot. I am sorry you bought at a temporarily inconvenient time, but if you hold you will find yourself a battle-scarred veteren like a lot of us, and you will get your money back and lots more. Good luck, Steve