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

To: Eleder2020 who wrote (16130)5/7/1998 4:37:00 PM
From: Patrick Sharkey  Read Replies (2) | Respond to of 29386
 
Does all of the foregoing mean that Ancor is closing lower each day, but not necessarily at the low for the day, and the highs each day are less than the day before?



To: Eleder2020 who wrote (16130)5/7/1998 8:13:00 PM
From: Alan Aronoff  Respond to of 29386
 
Two TA positives (for longs)...

1. ANCR has support in the mid $5s based on the lows set after the Sun news was announced. (close 3/20 $5 1 /2)

2. (most important IMHO) Volume has dried up indicating bearshiness is waning at this price level.

Ed,

<<...TA won't be much of a help until the valuation models become more established at a much higher price.>>

I think you're right. TA seems to be much easier with the more well followed and larger capitalized companies. So far, fading Kinnard's rating changes has probably been the most reliable indicator going. <g>



To: Eleder2020 who wrote (16130)5/7/1998 9:19:00 PM
From: Greg Hull  Read Replies (2) | Respond to of 29386
 
Ed,

Thank you for responding to my TA query.

<TA won't be much of a help until the valuation models become more established at a much higher price>

I didn't expect this comment. Since I have been reading TA comments for at least the last 6-9 months, I assumed it had utility for ANCR trading. What market cap would you suggest is the minimum for TA to be helpful?

Greg


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