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

To: jim g. who wrote (16886)6/29/1998 3:12:00 PM
From: Mike Fredericks  Respond to of 29386
 
Hopefully this is window dressing before the quarter ends tommorrow. If this is the case the selling pressure should let up.

Window dressing by whom? I don't think that there are any institutions who own ANCR in order to sell it to "window dress," and how many hedge/bear/short funds out there would short a stock at $3?

-Mike



To: jim g. who wrote (16886)6/29/1998 3:34:00 PM
From: Nine_USA  Read Replies (1) | Respond to of 29386
 
Could be IBM selling, or

If the terms of the last preferred funding permit
that investor to convert now (or soon) to common, selling to
help get the price lower in order to convert $11.5m
around $3 a share would get 3,833,333 shares. This would be
about 24% of the total common.

Just guessing ..


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