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

To: Elmer Flugum who wrote (28663)	5/20/2001 4:31:16 PM
From: Douglas Nordgren	Read Replies (2) \| Respond to of 29386

Shucks, they rate 5 Stars in my book. That's ahead of better trend spotting, mind you. <g>

To: Elmer Flugum who wrote (28663)	5/21/2001 5:01:50 PM
From: Toby Zidle	Read Replies (1) \| Respond to of 29386

S&P would "wait for better information technology spending trends before adding to positions." That's why we don't pay much attention to S&P. Their timing is notoriously atrocious. In S&P's defense, they never claim to be timing gurus. However, when they do make 'timing' statements like they 'would wait ...', they should be taken to task for their non-expertise. S&P missed a +$7.79 (+14.39%) day. If one expects the market to grow at about 15% a year, being out of QLGC today, per S&P's advice, could be a very costly mistake.