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


To: janski who wrote (17020)7/6/1998 8:43:00 PM
From: Craig Stevenson  Read Replies (3) | Respond to of 29386
 
Janski,

I find this extremely troubling <g>, but in essence, I agree with your last post. I have also had the feeling of late that Ancor is hiding behind their NDA's. IF Ancor had a LOT of good things going on, I seriously doubt that they would have allowed the stock price to fall to $3, without announcing some of those good things. The fact that there haven't been any announcements says to me that there simply isn't much to tell, and probably no real revenues other than the $1 Million booked in April.

Another thing that is EXTREMELY troubling is that the buyout rumors (at $6 and $8) have had virtually no effect on the stock price. Granted, the source of these rumors is questionable, but I'm sure that some investors/speculators are buying because of the rumors. Despite that, ANCR is mired at the $3 level. That tells me that there are still some negatives out there that we don't know about. Another concern is the high volume. Maybe that's a good thing, but we came down hard on big volume. The big guys know something that us little guys don't, and they already bailed out. The question now is why?

I wasn't in the office today, but I saw the $26 dollar move in YHOO when I got back. Maybe ANCR should announce a stock split. <g>

Craig