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

To: Greg Hull who wrote (16125)	5/7/1998 3:18:00 PM
From: Eleder2020	Read Replies (3) \| Respond to of 29386

>>> A few weeks ago the TA followers on this thread observed that the Bollinger Bands were tightening, which I understood to mean that a large move up or down was likely.<<< I'll give it a whirl. The BB's continue to indicate some weakness. The price has pierced the lower band 4 out of the last 8 days, which indicates a downtrend. However the bands have leveled off the last 2 days and if we can hold here a get a few tiny uptics the bands would narrow again and the share price would clearly sit on the bottom band. So much for perfect scenarios,but what indicates that this could happen is that momentum indicates a somewhat oversold condition and stochastics and RSI approaching oversold.On the downside the price continues to break through the lower band. I'm close to being a buyer of more shares down here as I'm still a long term holder of Ancor and the FC story and that when FC takes off and Ancor gets a large contract, TA won't be much of a help until the valuation models become more established at a much higher price. Dollar cost averaging has worked pretty well for me with ANCR and have used it to buy on the lows. One of these days I'll learn to sell the highs but right now and for last two years have been accumulating in a way that makes sense to me and is comfortable financially should Ancors ship never come in.11 buys so far and no sells. Fast approaching buy number 12 and take the entire post with a grain of salt and if you want a shot of tequila. Hopes this helps. Ed