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


To: Craig Stevenson who wrote (14757)2/27/1998 12:28:00 PM
From: Alan Aronoff  Read Replies (1) | Respond to of 29386
 
Craig,

I like the fact ANCR has managed to rally without relying on short covering. As you say, the shorts will eventually have to cover (we've spent way too much time following this company for it not to succeed <g>) which will of course add to the buying pressure. Looking at the chart, ANCR's volume has generally increased during periods of uptrends and decreased during periods of downtrends which is a bullish signal.