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


To: srvhap who wrote (12444)11/12/1997 4:36:00 PM
From: Alan Aronoff  Read Replies (2) | Respond to of 29386
 
<<Who says there nothing good about owning beaten up stocks. No place to go but sideways and up.>>

There is always more downside, until $0.00. I've been through a nightmare with NUKO which just went sub $1 today. And then there's FSCX which now appears ready for the scrap heap (got out in the $6s after taking a loss).

I expected ANCR to consolidate at $5 1/2 after the earnings report, so the pop and hold gives me some feeling of comfort that we've got a "real company" close to significant revenue growth. I wonder if there may be more COMDEX related news around the corner?