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

To: Craig Stevenson who wrote (14399)	2/17/1998 2:47:00 PM
From: trendmastr	Read Replies (1) \| Respond to of 29386

Craig: <Actually, I sold my shares at $8 7/8, right before the runup>> which shares? which run-up ? I'd be crushed to learn you have no holdings! tm

To: Craig Stevenson who wrote (14399)	2/17/1998 3:31:00 PM
From: Alan Aronoff	Respond to of 29386

Craig and Steve, I should have clarified. The queasiness is a very short term feeling based on the realization of Thursday's State of the Nation. It also reflects my trading/margin tactics vs. long term investing. Buying for the medium/long term based on a strong move above the 200 DMA (i.e Friday at $8+) makes a lot of sense to me. I also bought Friday but I needed to push my margin to do it. I had a stop buy in at $8 1/8 on Friday and sold those shares today at $8 7/8. I figured ANCR would run through the $8s easily which it did but I can't afford to take the chance of holding on to those shares going into the CC. Last October gave me a painful lesson in margin management. I feel ANCR deserves to be at a considerably higher level based on industry fundamentals and I think it will get there but I also think it will take some time. Unless, of course, ANCR drops a bombshell press release. Otherwise, I am looking for some backing and filling with the 200 DMA (now in an uptrend) providing strong support. Long term... very bullish. Short term... a little queasy.