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


To: w2j2 who wrote (17563)8/3/1998 4:40:00 PM
From: Patrick Sharkey  Read Replies (3) | Respond to of 29386
 
And what to the Bollinger Bands have to have today, since no one else is talking?

Can a technician explain how the high/low spread on 3x normal volume can be only 5/16? Does this suggest that the market makers are buying for their own accounts to drain sellers, or the 5/16 high low spread to be expected for stocks trading 1 and __?



To: w2j2 who wrote (17563)8/5/1998 7:55:00 AM
From: Craig Stevenson  Respond to of 29386
 
Walt,

I read the Yahoo message for which you posted a link, and it certainly contains some interesting information.

Boeing sounds encouraging, but I was a little surprised about his comments regarding Litton. Japan must really be a mess, if we shouldn't expect any revenues there. (The recent overall market downturn, mostly because of Asia, certainly bears that out.) Having enough cash to get to the end of the year is a bit longer than I thought they would be able to last, but if additional financing is available, at least we shouldn't see a going concern statement.

Craig