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

To: Patrick A. Kelly who wrote (20083)	1/12/1999 5:55:00 PM
From: Dennis Hauck	Read Replies (1) \| Respond to of 29386

As a lurker it seems strange not to have heard anything from Craig Steveson about Ancor's recent rise. Hoping everything is well with him.

To: Patrick A. Kelly who wrote (20083)	1/12/1999 9:43:00 PM
From: KJ. Moy	Respond to of 29386

Pat <<<I know you are not comfortable telling others what to do, but what are you doing? Thanks in advance! Pat>>> I am not doing anything with my Ancor shares right now. I do, however trade many other stocks. I think I know the technology well. I think I know the user community well. I also know storage capacity is sorely needed by many companies, large or small. Some are more desperate than others. It is not just Graphics application or banking or credit card business. It is all computer services in every industry across the planet earth. I had huge expectation for Ancor back in 1996, I have huge expectation for Ancor in the future. I basically loaded up from $1 all the way to $3.5, almost tripple my original holdings . One thing I would not do is to buy Ancor on margin. Now, for me, is just a waiting game. I am one of those who believe 'you ain't see nothing yet'. KJ

To: Patrick A. Kelly who wrote (20083)	1/12/1999 11:43:00 PM
From: Greg Hull	Respond to of 29386

Pat, I, too, have been averaging up. Every time I buy I do it with the intention that it is my last buy, but some how a few weeks later I decide it is in my best interest to buy yet another time. We have had no substantial price reversals since 10/9/98. We have jumped, plateaued, drifted, then jumped again. It seems that the likelihood of upside surprises greatly exceeds the possibility of downside surprises, at least for a while longer. I haven't figured out yet how to make money on ANCR. I know how to buy and hold, but this approach hasn't made me the money I thought it would when I started buying in 1996. I'm sure some have figured out how to trade ANCR, but that is a skill I've yet to develop. There are plenty of reasons to expect the price to rise further - more OEMs, possible buyout, next AMZN, etc. I spent some time recently thinking about how and when I should get out of ANCR. Wait for a particular price and dump everything, sell a little bit at a series of price points, or just wait for Ancor to be acquired and hold the new stock (assuming it is a stock and not a cash offer). It's fun to play the what ifs now that the stock is rising. I wish you and Corinne the best, but I really don't have any advice to offer. Hope to see the two of you in May at the Annual Meeting. Greg

To: Patrick A. Kelly who wrote (20083)	1/13/1999 2:10:00 AM
From: George Dawson	Respond to of 29386

"I expect to continue down what appears to be a path to successful support of ANCR unless you start waving red flags." Pat, Over the past two years there were times when the red flags weren't enough - we had to light up the flares and set off some explosives. I think you are right - I can't really advise anybody about what to do when it comes to this stock. I think I have posted what I have done with the stock. During the days of the "death spiral uncertainty" I decided to gamble that the stock would correct and I have not sold a single share. I have averaged down as much as I am comfortable with and I am waiting. In this uncertain period I have convinced myself that Ancor has the technology edge and is picking up the necessary momentum. On a good day, I think the upside is still potentially huge -with the main risk being acquisition. Like speedskating - timing is everything, and we will be able to watch it unfold this year. I don't remember the Zeos days, but I have a lot of friends and relatives who tell me Control Data stories. It is very interesting to know so many people who all worked for the same company. On MPR last night (their 6PM financial news) they had a columnist who researched the past financial news looking for stocks that traded like today's internet stocks. From about 1968 - 1970 Control Data was apparently trading like Yahoo today. This was followed by massive layoffs and the demise of the company (too dependent on mainframes using the wrong architecture according to one of my friends). Technology is a potentially rough business - but I am in Ancor for the long haul. George D.

To: Patrick A. Kelly who wrote (20083)	1/13/1999 8:14:00 AM
From: nic	Respond to of 29386

Patrick, I am much in the same situation - after doubling down on ANCR 4 times I wound up with an ungodly amount of it (and boy does it feel good these days ;-). I've also been terrible at finding exit points, otherwise I would never have ridden this bronco up and down (mostly down) without ever selling a share. I'm not much worried about Ancor itself at this point - all signs appear to be pointing up there. What does worry me is general market conditions, especially going into the second half of this year. My ANCR strategy is to ride it up with as much as possible, for as long as possible, while protecting myself with stop losses for part of my holdings at a respectful distance (say, 30%) below market. I'm not a fan of stop losses, and got screwed by them before. In this case, however, I remember too well the time (must be all of a few months ago ;-) when I had to cover ANCR-generated margin calls from my paycheck every month. So this is what I'm doing (not investment advice, etc.) Best wishes to us all... - nic PS: At this point a heartfelt thanks to all the regulars on this thread - without you I would have never been able to ride this "big dipper" without freaking out!