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

To: ilan saadia who wrote (13132)	12/14/1997 7:52:00 AM
From: w2j2	Read Replies (1) \| Respond to of 29386

A quiet thread is good.wj

To: ilan saadia who wrote (13132)	12/14/1997 9:17:00 AM
From: Steve Scribe	Respond to of 29386

The January effect should start kicking in next week. Historically the last 2 weeks of December are good for small cap stocks that have been beaten down by tax loss selling. Those who sold their Ancor shares in early to mid-November for the tax loss will be buying back their shares now that their 30 day waiting period to avoid a wash sale has passed. Also those anticipating the January effect start buying beaten down stocks during the last 2 weeks of December. FWIW, I'm looking for $7/share by the end of January even without any announcements. Of course if there are any announcements the stock could go much higher than $7. All IMHO, Steve