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

To: John Curtis who wrote (14040)	2/2/1998 11:22:00 AM
From: Alan Aronoff	Read Replies (2) \| Respond to of 29386

John, Ancor asking $7 now. Ancor may make a run at the holy 200 day MA ($7 3/8) but I don't think there is any way it will make it through that. Especially not on such light volume. Today's positive activity I believe is due to a very strong overall market. The trader side of me would actually short ANCR if the bid climbed over $7 (I'm only accumulating ANCR, not trading it). Without news or heavy volume which would imply imminent news, I still see ANCR consolidating in the low $6s (short term). One does have to wonder why ANCR has been so strong of late with a seemingly weak earnings report only a couple weeks away...hmmm