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

To: Ken Richard who wrote (18330)	9/30/1998 11:28:00 PM
From: iceburg	Read Replies (2) \| Respond to of 29386

Ken, I'm am shocked they haven't gone further long, at least for a while. It is like they are program selling. If they had even a dog's brain they could drive the price up for a curveball and reap much higher returns. I guess I should thank them for the opportunity to buy shares at 1 1/16, 1 9/16 and even 2 3/32. Time will tell. None of it is marginned so for all I care I hope they get it all out of their systems tomorrow and dump it all at market. This company has stopped the death spiral, the target marget is growing exponentially, I think it is a no-brainer. I'll even bet Ed Doell is long.... I'd bet money on it. He went long after the hammer in January. Steve

To: Ken Richard who wrote (18330)	10/1/1998 12:13:00 AM
From: Eleder2020	Read Replies (1) \| Respond to of 29386

Ken and Ice, I think for the Reg D guys to go long they assune risk. Why do that when they can lock in profits by shorting. The only shares they would concievably want to go long with are the last shares they convert. They have no real exposure on the shorted shares as that is a 15% lock at whatever price they cover at.Now if I was a Reg D shareholder I would take my last conversion (whenever that is) at say at 1 3/4. Then what would make sense is that the REG D guys would aid their newly converted shares by covering their short position and watch the stock soar. The risk is that there are no buyers for their converted shares but with FC really picking up and Ancor starting to get some contracts, I doubt that would happen especially if they sold over time to let the market absorb their shares. Just a thought. It seems like it would be illegal but I certainly wouldn't know that. Ed