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

To: iceburg who wrote (12064)	10/30/1997 9:38:00 PM
From: THOMAS GOODRICH	Respond to of 29386

Rancor pretty much describes the sentiment with ANCR right now. Barring another catastropic event in the technology sector, or another bombshell from the company, (which is not very likely IMO) I can't see any more downside from this level of 6.25. Quarter 4 is expected to be lower with most other companies so that was not really a Halloween surprise with ANCR. It's a good bet many of the momentum players are headed off to other "slot machines" with better odds of exploding near-term. Given that scenario, it is likely we will remain in a tight trading range for probably 2 or 3 quarters and IMO 7 next week and 10 on January 10 (or better) is realistic. So, to fellow "ANCR sufferers" stay long, accumulate on dips, take profits on significant sudden runups and just sit back and enjoy the wild and naseaus ride<g>! Next year in the 30's we'll all have a different outlook on all of this. Tom Goodrich