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

To: Patrick Sharkey who wrote (17512)7/29/1998 8:07:00 PM
From: jim g.  Read Replies (1) | Respond to of 29386
 
It traded 245,000 shares today, how do you know that some of the buying was not short covering. Of course the best short in the world is when a stock goes to 0 because you don't have to cover, there is no closing transaction and therefore no gain officially recorded. So you would not have to pay taxes. But I dont think that will happen here these tech stocks always go to high and also too low. This has to be a terrific buying opportunity.



To: Patrick Sharkey who wrote (17512)7/30/1998 1:17:00 AM
From: janski  Respond to of 29386
 
There is no bottom. I wouldn't doubt the stock may trade a lot higher(a 1$ from here would mean 60%+ return)before its over but if they continue in their impotent ways it will be zero eventually.


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