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

To: George Dawson who wrote (17929)	9/3/1998 1:33:00 AM
From: Eleder2020	Read Replies (2) \| Respond to of 29386

>>> I think that NASDAQ limits shorting at a certain level. <<< What I've seen before and not positive of the mechanics of it all is that the convertable shareholders can short the box as they convert.So they have the ability to kill any of the small rally's and the longs can almost never buy enough to get us out of the rut until new money comes in or until an OEM comes along and the convertible holders have an incentive to go long. The advantage for them in shorting is all the extra shares they pick up in converting. That way they own a higher percentage of Ancor's MARKET CAP, wherever that ends up.So I doubt that they see any incentive in covering until, we get closer to an OEM or until they finish converting. I could go on and on why this theory is plausible but I'll spare you the paranoia. Anyway it seems that they may be the ones killing any rally. Willing to hear other explanations though, as I could be completely off. Ed