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

To: Jay Quinty who wrote (12190)	11/3/1997 1:57:00 PM
From: Kelly Igou	Respond to of 29386

<<what price do you think ANCR will be in 6 months>> Asking this of Ed is tantamount to calling him a shaman... Get out your chicken bones and feathers....and make your own guess <G>

To: Jay Quinty who wrote (12190)	11/3/1997 2:03:00 PM
From: ed doell	Read Replies (1) \| Respond to of 29386

>>what price do you think ANCR will be in 6 months??<< Been asking that myself. 6 months is a long time to wait. I really don't know. The factor which concerns me is this: The news for awhile now just doesn't seem to be postive for ANCR. There's lots of news, but it all seems to be about others. I don't know if it's apparent or real, but it seems as though the FC market is passing ANCR by while ANCR burns cash. Just an impression. It's a mistaken impression that I am short. Never held a postion in this stock short or long. It is true that I am still bearish about ANCR. I too have been on the wrong side of the market with this one. I should have sold short, but didn't, probably out of compassion for my friend who was in it long until recently. Jay, I'm talking about the trend when I say it's "a $5 stock." I believe that whatever buying you are seeing today is short covering for the most part. The buying patterns have the look of it. I think that it will be very bearish for the longs if this stock closes today below $6. 1400 hours quote 5 13/16 x 7/8 Good luck, Ed