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

To: Alan Aronoff who wrote (14225)	2/10/1998 4:54:00 PM
From: Pigboy	Read Replies (2) \| Respond to of 29386

Alan, Seems like Compaq sure likes themselves after reading your Url. :-) It is kind of strange that we seemed to have been able to urk up and sustain 7.5 on average to low volume. Craig, would it be fair to say the stock seems to perform better after the Conference Calls of the past when it looked like the Next quarter (ie. Q1 1998 here) looked more promising than the last? Seems, like Ed said, that there seems to be less risk in ANCR bc there is an assumption that although 4Q stunk gigantic squirrel remnants, the next quarter (Q1) promises to be much better and thats a big relief. Especially with the supposed storage ramp up (the good 1Q I assume has nothing to do with storage) for the second half of the year. and I agree with craig, margin is pretty scary with a stock like ancr. all imho pigboy

To: Alan Aronoff who wrote (14225)	2/10/1998 9:33:00 PM
From: Craig Stevenson	Read Replies (1) \| Respond to of 29386

Alan, <<I'm really quite surprised that ANCR has managed to break several resistance levels without significant volume on any of these days.>> I'm still wondering what happened to the resistance at $5, $6, and $7. Not complaining, mind you. Just wondering. <g> True story... After Ed Schultz posted something a while back, about hearing that Hucom wasn't going very well, I actually sold a few shares. I figured he probably had found some information that I didn't have. The next day, he said that his source for that information was his cat. I watched and waited, but was never able to buy back those shares at the price I sold them. That's the LAST time I listen to investment advice from Ed's cat. <g> I do agree with you that based on the recent price movement, something at Ancor has fundamentally changed. Whether that is strictly the end of tax-loss selling, and the subsequent buyback of some of those shares, I don't know. Back when we were trading under $4, some people were saying that we were going to zero. Yesterday, we had people buying at $8. Something has changed, and it isn't the long-time ANCR holders on SI. We've pretty much always been bullish. Craig