SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: Mike Fredericks who wrote (12195)11/3/1997 2:41:00 PM
From: iceburg  Read Replies (1) | Respond to of 29386
 
Mike,

I don't think I could "run someone off" if I tried. My point was he came on originally stating he was looking for an "entry point". But the lower the stock goes, the lower the entry point gets, even if their really is one. Back in February the same thing happened, the lower the price got, the lower the bears said it would get. Eventually the bears were wrong. I would like to see a commitment from Ed as to where he sees the bottom, or if he thinks she is just going to fold up shop.

Brocade made an announcement. I think this is good. Brocade was demonstrating their equipment with DEC at Interop, so that relationship should not surprise anyone today. Who was Ancor demonstrating their products with at INTEROP?

Steve



To: Mike Fredericks who wrote (12195)11/3/1997 5:02:00 PM
From: ed doell  Respond to of 29386
 
Thanks, Mike, for your support.

The scam aspect I have never considered. I have no basis to consider that. Sheer ignorance on that level.

But the post about the class action suit does not "sound" good, although again I know nothing about it.

The stock is now a $5 stock. I have no idea where an entry point is with ANCR, and I'm in serious doubt that I will enter it at this price.

Historic support is at 5 1/2 ish and then (ugh) at 4 1/2.

The speculations about ANCR being a candidate for tax loss sales, which could "kick it while it's down" some more, are valid since it has been such a boom year. The strategy and tactic of that toward the end of the year is self-explanatory.

Gotta go,

Ed