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

To: Arthur who wrote (12615)	11/21/1997 7:28:00 PM
From: THOMAS GOODRICH	Read Replies (1) \| Respond to of 29386

I'm not sure what Fang Li is referring to on GTC's either buy or sell side but, a precipitous drop to the $4/share level should it occur IMO would not necessarily be healthy. To hit that level once again could in actuality signify a serious lack of confidence or broker-dealer manipulation. I believe the current $6/share level is a great entry point even for the near term. Given the volatile history of ANCR, it may require a quarter of two of earnings growth to convince many investors to return. Margining-out at $4 or below again for some investors may not prove to be good PR. So, let's hope we don't see any more downside. Tom Goodrich