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

To: Craig Stevenson who wrote (17542)	8/1/1998 2:17:00 AM
From: PaperChase	Read Replies (1) \| Respond to of 29386

<<I was also a buyer yesterday at the same price as you, although I wish I had waited another day.<< I sincerely hope this is part of a strategy to average down and get out at any manic upswing in price. To be gentle in my comments, there are too many "Ifs" in your logic. Most stocks like this one will touch a hair above $1 and then abruptly trade over $2 for awhile. I would think an exit price over $3 would be a huge gift. "If" thinking isn't relevant when a company has poor management and vision. If (there is that word "if" again) the company's management were competent, the current situation would not have occurred. This will be an OTC BB stock by the end of the year with heavy tax loss selling starting in October. It is not recommended that investors buy companies with incompentent managers and employees. Can you tell me how they have been competent? How's that for gentle comments? Good luck to you and may God be watching over your shoulder.

To: Craig Stevenson who wrote (17542)	8/1/1998 9:14:00 AM
From: Steve Scribe	Read Replies (1) \| Respond to of 29386

<<I was also a buyer yesterday at the same price as you, although I wish I had waited another day. <g> I just think ANCR is too cheap right now, considering the technology that they possess. It's still speculative, at least until Fibre Channel SANs heat up, but the price is right.>> Craig, my thoughts exactly. I plan on buying some more on Monday if the asking price is still only 1 5/16. At that price, making 10X or more on my money in less than 2 years is a very real possibility. Regards, Steve