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

To: Craig Stevenson who wrote (14077)	2/3/1998 1:27:00 PM
From: Kelly Igou	Read Replies (1) \| Respond to of 29386

<<I'm not sure which way to go on ANCR. This power move has me wondering what news is out there that we don't know.>> I'm not either, but the lack of heavy volume makes me believe it's a purely technical event. I would expect close to a million shares to trade if there was a solid rumor of news - not a little over one hundred thousand. My guess is that as soon as the current set of buyers establish their positions, assuming no news, the stock should slide back down again, but probably not all the way to the $5 level again.

To: Craig Stevenson who wrote (14077)	2/3/1998 1:59:00 PM
From: Eleder2020	Read Replies (1) \| Respond to of 29386

Technically I think 8 1/2 to 8 3/4 is possible before we fall back to around 7 to 7 1/2 for a short interuptus without any news but earnings and CC are just around the corner so traders beware because earnings will be soon and who knows when news comes out.Then again ANCR loves to sell off after CC's. Any news we get:is it already discounted? Who knows?As usual,I'm holding pat.