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

To: Douglas Nordgren who wrote (28780)7/25/2001 8:14:44 AM
From: Stoctrash  Read Replies (1) | Respond to of 29386
 
..on the other hand SUNW and EMC both have laid out the cards and they see nothing, no visibility, nada. Also, these projections from QLGC are just that.

I don't know the nuts and bolts of this stock but if their biggest customers are SUNW and EMC then.........well,,, you do the math. Going forward they are looking for 3-5% growth on a PE of ~55??? NFG...

I'm still short, looking for $31 first then maybe 20's.
Good luck.



To: Douglas Nordgren who wrote (28780)7/25/2001 5:35:26 PM
From: szabel  Read Replies (1) | Respond to of 29386
 
It feels great to go short on QLGC, when they were in the 60's i shorted until today, when they hit their lowly mark of $34. They are still overvalued by about 25%. Now that QlGC is racing to the shitter, i am smiling thinking of all the know it alls you went long.


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