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

To: George Dawson who wrote (18943)	10/29/1998 1:41:00 PM
From: Craig Stevenson	Read Replies (1) \| Respond to of 29386

George, <<I am glad you are sharing the end game anxiety - we need to "cluster" as many of our brains as possible to figure this one out.>> My anxiety level was actually quite low until the Tailwind guy spoke up yesterday. Yes, he could have been lying, but what if he was telling the truth? That could shoot a lot of holes in the various theories that we have been discussing. At least it brings into question the SOURCE of the shorting. The fact that the short interest keeps rising JUST DOESN'T MAKE SENSE to me! If the short/sell/convert theory is correct, shouldn't the short interest be going down? Just as people load up on the long side believing that the price will go up, I think the increasing short position indicates that these people are convinced that the price will drop. (Or that it doesn't matter what the price does, since their conversion prices are already locked in.) I might be tilting at windmills, but I'm worried that the end game might get ugly if we reach the end of the year without a mega-OEM deal. Craig