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

To: Alan Aronoff who wrote (14722)	2/26/1998 11:57:00 AM
From: R Verchota	Read Replies (2) \| Respond to of 29386

I hate to say it but I would much rather see you guys start buying at 7 5/8 and cause a strong bounce off the 200 day MA. I'd be buying here were it not for the fact that I am maxed out in this stock. Three months from now, do you think you might be kicking yourself for passing up the opportunity ??? Yesterday, one decent size buyer took this stock to 8 1/2. What has changed (to the negative) since yesterday ? Anything but the stock price ? These statements are not intended to hype the stock. If there is something out there to justify a $1 drop, please let us all know. Thanks in advance for any info. Bob V.

To: Alan Aronoff who wrote (14722)	2/26/1998 12:42:00 PM
From: Eleder2020	Respond to of 29386

Alan- I agree. Like where we are much better today from TA point of view.I'd like to see ANCR stay in the 7 1/2 to the 7 3/4 range for the next 3 days with low volitility .The Bollinger Bands are definately tightening and it would be very healthy for ANCR to sit on the lower band for 2 or three days which is right where we are now.Wouldn't like to see it break the lower BB by too much.Very low 7's close would,IMHO look dicey, but it wasn't looking bleak from a BB point of view for ANCR to stay around 8 1/4 to 8 1/2 while the BB's tightened up.A few days around 7 3/4 would be great(just rest for awhile on the lower BB:excellent) till next week when the BB really start to get compelling (5 to 7 trading days).Looks like we are on the move soon. The BB's have been pretty good at predicting trends and reversals for ANCR.Just the chart I happen to like. For those keeping score with or without the point spread here is what the BB's basically do. Look at a 200 day chart. Pretty interesting to look at. Interpretation: According to John Bollinger: Sharp moves tend to occur after the bands tighten to the average. A move outside the bands calls for a continuation of the trend. Tops and bottoms made outside the bands, which are followed by tops and bottoms made inside the bands, indicate a trend reversal. A move originating at one band tends to go to the other band.