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

To: Greg Hull who wrote (19081)	11/1/1998 10:12:00 PM
From: Eleder2020	Respond to of 29386

>>How do you think the end game will play out? <<< I think that you find the closest thing you have to a fact in regard to REG D. 1)7.7 million shares were converted and shorted last month- A Fact 2)Somewhere between 3 and 6 million shares(maximum)not including the 2.2 million shares that are needed to cover can still be converted and sold- A deduced sort-of-fact. Their potential power is diminished this quarter by minimum 15% and by as much as 60% or more and that is a good thing. Ed

To: Greg Hull who wrote (19081)	11/2/1998 12:04:00 PM
From: nic	Read Replies (1) \| Respond to of 29386

Why not cover all short positions, or why cover any? I may be way off with my limited understanding, but here's my guess: they sell/cover so as to stay below their 5% ownership limit. They cover only as much as they need to achieve this in order to defer earning for tax reasons. If this is true, the size of the short position would be a leading indicator of reg-D conversion volume. Do you think we'll see another effort by the reg-D guys to drive down the stock price this week, or perhaps next? Now that I have some idea of the mechanics behind this, I'm ready to absorb a few more shares in that event... - nic