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


To: Craig Stevenson who wrote (14069)2/3/1998 10:07:00 AM
From: Alan Aronoff  Read Replies (5) | Respond to of 29386
 
ANCR $7 3/8 x 7/16. It's right at its 200 day MA now. My paper trading would have me short it right here (3/8) with the hope of covering in the low $6s. I'd use a protective stop 1/2 point higher at $7 7/8.

If ANCR does manage to close over the 200 day MA for a few days in row I will be megabullish. The fresh fish sensor (50 day MA at $5 1/4) has appeared to have done its job well predicting last Thursday's move. ANCR sure has been interesting to watch lately. <g>