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

To: Patrick Sharkey who wrote (16817)	6/25/1998 10:28:00 PM
From: GuinnessGuy	Respond to of 29386

Patrick, "That short interest has to cover at some point, and it seems that there may be little to be gained to be short at this point -- although one could have made 15% going short today on a day trading basis." How right you are -- but there is a simple explanation. I doubled my position only two days ago. Ouch! And what a strange day. Simply no fibre channel news. According to a Lexis-Nexis search, over the last 90 days(weekdays and weekends included) there have been 562 stories(in english) that contained the phrase 'fibre channel'. That's approximately seven per business day. And today, as I said, there were none. Hey! Maybe that's why it dropped -- a perceived lack of interest in fibre channel in general :-( Craig