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

To: BuzzVA who wrote (17683)	8/12/1998 11:56:00 PM
From: George Dawson	Read Replies (2) \| Respond to of 29386

"... Must mean something." BuzzVA, Not necessarily - in fact you could probably use Ancor charts to demonstrate the "art" as opposed to the "science" of price-volume charts. If you go to nasdaq.com and go through the 12, 24, and 36 month price volume charts - I think you will find the current volume looks impressive on the 12 and 24 month charts. On the 36 month chart, during the time when the price spiked to $41 the volume spike was higher and more sustained. In retrospect we know there was no fundamental basis for the price or volume action. Unless there is a fundamental reason for the current volume, I would not expect any upside movement. In fact, I would not be surprised to see lower movement. Remember that there is still a substantial short position (the last I heard). At this level, those shorts are betting they can short Ancor into the ground. George D.