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

To: Arthur who wrote (12044)	10/30/1997 5:13:00 PM
From: Pigboy	Read Replies (2) \| Respond to of 29386

I share the frustrations. I was not pleased with the conference call and was guilty of being overly optimistic about it. Hot dogs were certainly more stable today at the Pacific Exchange. :) I have not done anything today, though. I have not sold any shares, but am lucky enough to not be on margin so I can afford to see the eventual turnaround. It was not pleasant to hear about the possible 4Q disappointment, but I am not planning on doing much (except probably getting a little more on dips) for awhile anyway (until I hear more about the possible military, financial and OEM stuff in the next several months). I certainly hope we hear something. If we don't, more power to those that might be better off. If we do hear more positive developments in the next 4 months, we will be doing fine, in my opinion. I guess I might have to wait until early '98 now on the possibility of oems, but they Are out there so I will wait. I have had a lot of patience with Ancor for the past year and a half (that would be patience with a capital 'P'), and I am not as much a short term trader as many here. It is difficult to hold a stock long these days (over 1 year) because of the ability to watch it everyday on the internet and criticize its every fluctuation/move--You almost want to do something different Every day! Removing my emotions, what is clear is that the best days are still going to be ahead for the company and that Fibre Channel Will (with Ancor or not...I do hope so, though) grow very fast over the next several years. I can understand those that don't have patience for the Fibre Channel market to even start, but I feel it would be a mistake to not watch a possible great story unfold. If Ancor is not in several of the pages of this industry book by mid-98, I will probably eat the gazoo. I am still very confident. good luck to those who have gotten out. i, of course, wish a little more luck to those that stay to see what happens. :-) a tough market/day by all means. ALL IMHO pigboy

To: Arthur who wrote (12044)	10/31/1997 2:13:00 AM
From: craig crawford	Respond to of 29386

<< Craig C., I am curious with the number of people capitulating today does that mean we are near a bottom. >> I take it your referring to ANCR, and not the general market? I haven't seen any capitualtion in the general market yet. As to ANCR, I am starting to see some signs of this but we haven't seen total capitulation yet. When the market has a 20% off sale, ANCR (capitualtion or not) isn't the first stock on my Christmas list. Neither is any speculative company. Why buy something speculative like ANCR or LPTHA when you can make easy money buying industry leaders that are on sale? My suggestion to ANCR investors is sell the rallies, take your tax-loss before everyone else does, buy market/industry leaders that are on sale (when the time is right, I'm still short), and ride them up. After the leaders (not necessarily the biggest "blue-chips". CYMI is a leader in my opinion but not a blue chip) rally take profits on those and then use the profits to jump back into the speculative stocks. When the market tanks and stuff is on sale most people run to safe stocks like INTC or CSCO. They don't salivate for little guys like ANCR.