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

To: trendmastr who wrote (16193)	5/14/1998 11:24:00 AM
From: Craig Stevenson	Respond to of 29386

TM, <<Did your visit change your current position/attitude about the stock?>> My visit gave me a lot more confidence in the company over the long term. I had actually been starting to buy back my shares after we dropped under $6.00, and I have continued to do so. (I am taking a longer-term approach, though, and buying almost everything in cash.) One of the reasons that I have delayed visiting Ancor for so long is that I'm a techie-type, and I figured that I would be impressed by their technology. (To the exclusion of all else, unfortunately.) I didn't want to visit them when ANCR appeared to be running for no reason, and contribute to the hype. At these levels, it seems as if everyone is taking a more objective look at the company, and I think that is good. The risk at 5 or 6 dollars is certainly less than the risk was at 7 or 8 or more. The overall market still concerns me, but ANCR has been beaten down so much that I think the downside is somewhat limited. Any good news from the Ancor camp, and I think we move up sharply as shorts begin to cover, and frustrated longs buy back shares. Craig