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

To: iceburg who wrote (14972)	3/11/1998 3:57:00 PM
From: Alan Aronoff	Read Replies (2) \| Respond to of 29386

<<It is interesting to see the stock go up despite a lot more selling than buying. I don't know what to make of it.>> Steve, Not sure what you mean. Watching the quote screen, I've seen a solid amount of action on the ask the past couple days. It was especially noticeable on the reversal day last week when it ran from $6 3/4 to $8 3/8... A steady stream of small hits on the ask. While I don't have L2 , it doesn't appear that there are any market makers who really stick their neck out to support ANCR... likely due to the current lack of institutional and analyst interest. It seems to me that ANCR floats pretty freely based on daily buying and selling pressure. But I'd be interested to read your opinion if you have a different take.