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

To: iceburg who wrote (12073)	10/30/1997 11:05:00 PM
From: Kerry Lee	Read Replies (4) \| Respond to of 29386

I could be wrong but I heard from someone today that Kinnard changed from Strong Buy to BUY. Suggest you follow up for accuracy. Also, I understand that McEvoy is meeting with the CFO tomorrow. Today Ancor senior mgmt ( CEO, CFO )were fielding calls all day from the financial community. Perhaps, Ken H was also trying to singlehandedly kill the MF/SI ANCR threads today in one fell swoop and in so doing, lay to rest the rumormill and the constant daily calls from the retail "investment" community. It seems my constant advice to this thread that ANCR is too illiquid for day traders and too volatile to be bought on margin continues to fall on deaf ears. FWIW, earlier this year, I picked up some FORE at what I believed to be a steal at $15 after falling from the 30's in a matter of 2-3 weeks. The very next morning, FORE issued an earnings warning before the bell. The market conditions at the time were shoot first, ask questions later so I sold at the open at market and filled immediately at $10. That same day it closed at 13 and 2 days later it was back to $15. Since then, it has traded between $14-22. You only lose money when you sell.