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

To: Craig Stevenson who wrote (15637)	4/9/1998 9:32:00 AM
From: iceburg	Read Replies (1) \| Respond to of 29386

Craig, I expected a sell off in the general market in the week prior to the tax deadline because so many people mad a ton of money last year. I know that if ANCR had closed at $14 last year instead of $4 I would be doing some selling to pay the taxes <g> As far as the wave theory goes, those guys have been predicting the "big kahuna" since about 6000. I give it about as much credibility as you give the people who went to Texas to wait for God. I'm sure it is going to happen at some point but I know they cannot predict when, mostly because they have been wrong every other time they have predicted it. As far as Steve Ohara selling his shares, do you really think he would be stupid enough to give everyone a heads up? Besides, they would only represent a 3-4% dilution in the total float. Your short theory sounds the most plausible, especially since there was an increase in the short intrest last month. Steve