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

To: Kelly Igou who wrote (20311)1/20/1999 12:03:00 PM
From: Patrick Sharkey  Respond to of 29386
 
KI, I agree that it is very interesting. That initial drop may be short selling, given the rapid rise and likely presence of at least some momentum players. For non-momentum players who are in the stock as an investment, the possibility of OEM announcements, consolidations, etc. makes trading a risky proposition because of the highly likelihood of gaps up on such announcements.

Pat



To: Kelly Igou who wrote (20311)1/20/1999 12:27:00 PM
From: Eleder2020  Read Replies (1) | Respond to of 29386
 
>>As well, that there's good support established now between 7.5 and 8.25. Bounced right off from that level.<<

Kelly- Looks like we are filling yesterdays gap nicely. It looks like the day traders are running the show today.

Ed


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