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

To: Jay Quinty who wrote (11694)	10/23/1997 2:00:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 29386

<< You seem to spend more time on this board than most of us here, and I can't help but wonder why. >> How can I do that? You read all the posts don't you? I read all the posts as well. Do you read faster than me? << You're not bullish on the company/stock, and this is not a trader's stock IMO. >> No, I'm not particulary bullish. Correct, this stock isn't very good for day-trading recently. But not all of my trades are for one day. I like to trade some stocks for a week or two or even several months on occasion. Just a couple of days ago I traded NSCP for 10 minutes. << I'll enter your "unemotional" response that makes no logical sense whatsoever. >> Well, ANCR's stock price doesn't make much sense either so go figure. << Your entry only gives ANCR $50,000 in new revenue in the last two months of the quarter. >> Once this company was going to book $30 million in revenue from SQNT. Anything is possible. This company once said that it expected to finish booking the $7.4 million from Hucom in the first 3 Q's of '97. Didn't happen, correct? Never rule anything out. Always expect the worst and you will be pleasantly surprised. << I would be extremely surprised to see that. >> You were surprised by the SQNT fiasco weren't you? Furthermore, I thought the rules of the revenue contest were who was closest. If the next closest guess is $3.5 million (and no one else undercuts that guess) I'm covered all the way to $3.174999... million correct? If ANCR comes in at $3.175 million I will tie with Mr. Fredericks. If ANCR comes in with $3.175000000000000000000000000001 I guess he wins. (Although if you ask me the contest should be the closest guess without going over) You would all lose in that case because ANCR isn't going to report more than $3.5 million. << Just curious as to what the draw is to this board? >> Some times it pays to stick close to a stock regardless if you plan on trading it. Usually in every companies history there comes a time and place when there is a defining moment and that's when it is time to step in and make your move. Even if I don't trade ANCR again for the next six months I will still want to keep up with it so I can capitalize on these occurrences. You want an example? Saf-T-Lock (LOCKC). A company I have followed for a long time but a total dog. Nice idea but terrible execution by the company. Most investors had given up on the company and forgot about it. The thread was basically inactive except for a couple of mainstays. This company lulled everyone to sleep slipping all the way from 20 down to less than 50 cents. But it paid off to keep watching it because it swelled 1000% in just 2 days. I only caught a fraction of the move but it was a healthy fraction to say the least. The interesting thing about it was even though the stock had the most horrible fundamentals insiders bought a healthy amount of shares around a $1 (I can't remember exactly) after continuous selling for several months. Obviously they knew something was up. One day ANCR will have a defining moment, where they will have turned the corner or have gasped their last breath. Either way I don't want to miss out on the show. P.S. You guys are fun to argue with. Good enough reason don't you think?