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

To: Technocrat who wrote (18803)	10/25/1998 9:59:00 PM
From: George Dawson	Read Replies (2) \| Respond to of 29386

"Now the dilution causes complications, but there has to be a rational strategy of conversion. It is very unusual to see an oscillatory behavior which creates a maximum yield integrated over time unless there is an inherit feedback mechanism." Kurt, You have hit the nail on the head. The question of immediate interest for all of us who are long and people buying in at these levels is - what is it? Short sellers have historically created some unusual market situations including situations where the short sellers have sold more shares of a stock than actually existed. Those situations have been remedied by the SEC, but I wouldn't take the fact we can't figure it out as meaning we're all to dense. Someone doesn't want us to know and as far as I can tell - there are no public avenues for getting at the real facts. It should not keep us from theorizing, especially if the conversion is winding down. We need some theories about what will happen next. George D.

To: Technocrat who wrote (18803)	10/26/1998 4:33:00 AM
From: Eleder2020	Respond to of 29386

>> If somebody makes a lot of money, another mustlose it. << Kurt- I see your point and agree. I think there has been winners and losers in these scenarios. The out and out winner has been the Series B and C holders.They made money on all their conversions and shorts(coming and going) but I also have no proof that is true. It is speculation on researching on how these Reg D financing are done. Ancor came out a winner in that they needed money in the form of a loan to stay in business. Ancor came out a loser in that they paid for the loan at a great cost to the price per share. Ancor shareholders who bought at high prices and were forced or so inclined to sell at lower prices which was partly due to the shorting came out as big losers. I think it is a mixed bag for current shareholders. We have lost in the form of the large dilutive factor to our original shares.On the other hand having the opportunity to buy in the 1's may turn out to a fantastic winner or maybe not. I guess that transaction isn't completed yet so we don't know who the winners and losers are yet. I'm not convinced that we know the outcome of the game, because alot of investors are still taking the other side of the action by buying at these levels. Maybe the Reg D holders just had better short term odds. I guess we will find out. Ed