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

To: Greg Hull who wrote (19891)	12/26/1998 7:42:00 AM
From: Craig Stevenson	Read Replies (2) \| Respond to of 29386

Greg, What I am suggesting (with no basis in fact, I might add), is that the possibility exists that the Reg D holders STILL hold a LARGE number of ANCR shares long. At some point, they may want to sell and take some profits. Based on what the Tailwind guy said during the last conference call, they weren't shorting the stock. If we assume that only one of the three Reg D entities was shorting the stock, that means that the conversions (against the short position) would only apply to that one entity. The other two entities would hold naked long positions that would at some point need to be unwound. I'd like to figure out when would be a likely time for them to unwind them. It seems to me that because of the 1998 performance of the stock market, they might want to defer income until 1999. Maybe they will continue to hold, but my concern is that they may start unwinding their position as soon as they can. Another thing to consider is that these guys have been involved with ANCR for a LONG time. They might think that a 4-bagger is a good exit point. Craig