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

To: iceburg who wrote (14427)	2/18/1998 10:37:00 AM
From: Lhn5	Read Replies (2) \| Respond to of 29386

When the bid quantity is 8000 and the ask quantity is only 1000 does that indicate imminent northward movement of the stock price, at least on a moment to moment basis?

To: iceburg who wrote (14427)	2/18/1998 11:08:00 AM
From: Earl Jones	Read Replies (2) \| Respond to of 29386

What information is contained in the market? When ANCR slid from 12 to 5, the market clearly knew something that I did not. As evidenced by the poor projections which came out during the last CC. Now, the stock has doubled in a relatively short time frame. Again, I think the market knows something I don't. I would not be surprised to see the selling dry up around mid-day, and the price finish up even or just under. With expectations low, and the new management hoarding news, I am looking forward to the CC. All IMHO, Earl