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


To: Fang Li who wrote (14854)3/3/1998 5:49:00 PM
From: Fang Li  Respond to of 29386
 
i got my answer,it expired.



To: Fang Li who wrote (14854)3/3/1998 6:35:00 PM
From: Eleder2020  Read Replies (1) | Respond to of 29386
 
The Bollinger Bands got stretched pretty good, but it looks like they held today and I think we are headed to the upper Band which is a good thing.Ideally it would be great to see a few days of little volitility(love to see ANCR up a tic or 2 tomorrow,just to confirm the strength of the move but it looks IMHO opinion that the traders are driving the bus this week so be careful.

The move down this morning looked incredibly weak and created a great buying opportunity.I also think that spending some time in the 7's the last few weeks as I said once before is healthy for the stock as a gap theorist might see this as filling the last gap between here and 12.
Over the last two years ANCR has slipped past 7 both on the upturns to 12 and the downturns to 4 until now. Filling this gap will hopefully compel some of the shorts to cover.
Looking for ANCR TA to form a Hockey Stick formation one of these days Ed