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

To: Greg Hull who wrote (19965)	1/5/1999 1:23:00 PM
From: klinetime	Read Replies (1) \| Respond to of 29386

securitytrader.com said if we could close above 4 3/8 next major resistance is 6 3/8. I bought more yesterday at 4 1/2. good luck everyone. T.A. on small stocks is not as accurate as mid and large caps, but were getting closer. Go ANCR!!!!!!!!!!

To: Greg Hull who wrote (19965)	1/5/1999 6:14:00 PM
From: jim g.	Respond to of 29386

I think you are right. All those gates, different formulas, etc have just about expired. what is left is about 2.3 million to be converted at a price of $2.65sh. until feb. when it goes to the market price or probably about $5/sh. And who knows, maybe some of these hedge funds will stay long, although there is still a million or so short. Essentially they about doubled there money so they are happy, if the co. had gone under they would have gotten hurt, so there was some risk there and apparently the co. had no choice in the matter of financing, in fact they came up 4 million dollars short after the 97 financing. So, when all is said and done there will be about 24 million shares outstanding. It was all worth it to see them suckerpunch brocade with their prisa announcement a week after brocade came out talking about prisa themselves. What a beautiful blindside.