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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (80135)4/26/2000 3:10:00 AM
From: GuinnessGuy  Respond to of 132070
 
Mike,

RE:"I did pretty good with Ancor, but Craig Siebels did even better, buying near $14. That's who I'd listen to on the stock. "

Thanks for the compliment but it wasn't quite that way. -ng-
Actually my best recent buy was at 21 and change last week. What I did do right was buy the May 35 calls on Monday. That is a five bagger to date, and I'm looking for more tomorrow. Hopefully I'll be able to sell these with the stock at around 38-41. I will then roll some of that up to the May 50's. If there's one thing I've learned with Ancor is that when it gets rocking, it really rocks - both up and down. Last time it bounced off of $20 it ended up at $74 within a month.

Anyone interested in this fascinating story might want to listen to the earnings conference call from Tuesday. It is a webcast and can be accessed at:

corporate-ir.net

The bottom line with Ancor today was that they got a piece(and I believe it will be a big piece) of business with EMC. Their numbers, released after the bell on Tuesday, were excellent and should, IMO, contribute to a further run-up if the market cooperates.

Good Luck...Craig



To: Knighty Tin who wrote (80135)4/26/2000 9:53:00 AM
From: MulhollandDrive  Read Replies (1) | Respond to of 132070
 
Thanks Michael.

It will be interesting to see how the market justifies the "irrational prices" going forward when the irrational prices were the justification for the selloff.

bp