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

To: Pierre Aydin who wrote (17295)	7/23/1998 10:37:00 AM
From: Craig Stevenson	Respond to of 29386

Pierre, I was tempted to sell on the open, and buy back later, but I didn't. I fully expect to see some serious short covering at some point, and it is too tough to time. I went into today with the idea that I would likely be a buyer, but the numbers scared me into inaction. I'd like to see more confirmation about the Fibre Channel market, and what type of financing is available for Ancor first. Frankly, with numbers like these, I'm surprised we didn't touch $2. There was a guy on CNBC a couple of weeks ago that said you should buy these beaten down stocks when they don't drop any when the bad news comes out. Are we there yet? <g> Craig