Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bob Frasca who wrote (15646)	4/9/1998 1:35:00 PM
From: Craig Stevenson	Read Replies (1) \| Respond to of 29386

Bob, No, not altogether, but I'm really light in ANCR and the overall market. I currently have one other holding besides ANCR, but only a few shares. My ANCR shares are in my (and my wife's) IRA, so they are cash anyway, and in no danger. Mr. Plonk just posted another update, and so far, he has been right on the money. If he's wrong, we should know by the close today, and for sure on Monday. If he's right, a LOT of people buying stocks at DOW 9000 are going to be hurting, at least in the short term. (He does say that eventually the DOW will go to 10,000.) Maybe I give more credence to Mr. Plonk because his view mirrors my own gut feeling that the overall market is too high. As far as ANCR goes, it held up quite well, even during the recent two-day 50+ point decline. I'm just not willing to take the chance if the overall market gets really ugly. (I was fully invested the last time, and it wasn't a pleasant experience. I remember E. Garzarelli's call all too well.) Craig