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

To: mike fredricks who wrote (13145)	12/15/1997 6:41:00 PM
From: ed doell	Read Replies (1) \| Respond to of 29386

Well, there's always Allan's post Message 2892546 with the catch that the stock had to close near it's previous all time low and truly double bottom instead of the pseudo-bottoms we were hearing about awhile ago. But if you are really pessimistic and want your max tax gain, you could wait for it to completely crash. The shorts don't appear to be in any hurry to cover. This has been one of the more interesting learning experiences I've had, watching ancr since July and August. We still haven't had a capituation sell off in my opinion, and maybe that's what's needed to get things rolling again. Ed

To: mike fredricks who wrote (13145)	12/15/1997 7:28:00 PM
From: THOMAS GOODRICH	Respond to of 29386

Essentially an exceptional outlook for ANCR and Fibre Channel next year was the reason DB issued a BUY for ANCR at upwards of $5.50/share. There have been no news releases in the last week or so. As you are no doubt aware, a large percentage of investors are enjoying very significant gains in their portfolios and have been selling the ANCR's AMAT's, ASND's BAY's, and most recently Cisco, Compaq, etc. in an attempt to offset those humongous gains.Practically all of the techs were also battered on speculation of a recession in Asia that could potentially result in a glut of components coupled with the possibility of consumers exhibiting a lesser appetite for computers. There is to date no sound evidence that either scenario is occuring, however, the techs are paying the price just in case. If you feel Ancor may be going down the tubes, so to speak, you should definately sell now else it could become a penny stock by next week <g>!