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

To: George Dawson who wrote (17823)	8/27/1998 12:01:00 AM
From: Lhn5	Read Replies (1) \| Respond to of 29386

George--if you were sure ANCR going out of business--wouldnt you want to short 100,000 shares here and make 125,000 bucks?

To: George Dawson who wrote (17823)	8/27/1998 12:37:00 AM
From: George Dawson	Respond to of 29386

To: George Dawson who wrote (17823)	8/27/1998 1:41:00 AM
From: Eleder2020	Read Replies (2) \| Respond to of 29386

>>Clearly the people with the really big money are doing things here that we are unaware of. One theory that I have suggested here is the possible conversion which should be easy to research. If that isn't it a worse scenario is that one of the big holders is selling at a huge loss. I don't think Ancor without a story is attractive to day traders. But then again at a buck and a quarter I wouldn't think it would be attractive to shorts - even if you knew it was guaranteed that they would go out of business. <<< George , The series holders could be shorting their own shares. They could have helped tank the stock with virtually no risk financially to themselves. The upside for them would be maximum dilution , a way to pick up a gazillion shares . If Ancor had gone up, they still come out winners, just not nearly the potential windfall of ancor going to 1. Ed