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


To: Eleder2020 who wrote (12335)11/6/1997 10:18:00 PM
From: ed doell  Read Replies (3) | Respond to of 29386
 
Gentlemen, gentlemen!

My contra-indicator...the number of posts being an inverse of the stock price... was a poor attempt at humor.

Nevertheless, I am sure that there is no causal link. But the incredible part of it is that there are some incredibly strong and moving stocks out there with very very few SI postings.

BTW I do not subscribe to Craig C's thought that there is still room to sell short here. IMHO the r/r for doing so is too thin.

The technicals of the stock are poor, so I can see how and why he would think this way. My comment is not intended as disrespect or to call Craig C's ideas into question. Just voicing a different opinion on the matter.

Ed



To: Eleder2020 who wrote (12335)11/7/1997 7:40:00 AM
From: Nine_USA  Read Replies (2) | Respond to of 29386
 
<<According to Kerry, Kinnard wasn't privy to the inside information and were a little miffed>>

Can someone explain the current Kinnard Buy rating for ANCR
while projecting these estimates for 1998? Or is Kinnard
looking 2 and 3 years out?

The 1998 earnings appear to project about $20 million revenues
for that year.

ESTIMATE REVISIONS: (received from Zacks this morning .. HH)

ANCR: KINNARD decreased estimate for fiscal year ending 12/97
from $-0.53 to $-0.78 on 11/03/97
ANCR: KINNARD decreased estimate for fiscal year ending 12/98
from $-0.09 to $-0.24 on 11/03/97
ANCR: KINNARD decreased estimate for quarter ending 12/97 from
$-0.06 to $-0.19 on 11/03/97
ANCR: KINNARD made new estimate for quarter ending 03/98 of
$-0.14 on 11/03/97
ANCR: KINNARD made new estimate for quarter ending 06/98 of
$-0.11 on 11/03/97
ANCR: KINNARD made new estimate for quarter ending 09/98 of
$-0.04 on 11/03/97
ANCR: KINNARD made new estimate for quarter ending 12/98 of
$0.03 on 11/03/97