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

To: Joe13579 who wrote (20327)	1/22/1999 12:39:00 AM
From: Eleder2020	Read Replies (1) \| Respond to of 29386

I'm not one who has ever traded Ancor but has used TA to add to my position. I personally don't like being out of the stock, due to the fact that Ancor is still a story stock and that story can change on a dime.A few people have missed the last powerful move trying to time this one. I'm happy for those of you who have timed it well and made scads of cash. So take this all with a grain of salt. The BB's were really extended to their limit but it was the money flow chart that really gave an overbought signal(in unchartered territory for Ancor late last week. When bumped up against the 52 week high,and could not pierce it, the momentum left the stock. A good time to sell? Probably. However I'm not prepared to lose out on an OEM announcement and I'm a lousy day trader. The point here. Money flow chart is repairing itself nicely. BB's will take a little longer. 100 day moving average should pass over the 200 day moving average when the BB's tighten up and money flow signal a buy(which is probably when I'll buy). Me I'm looking for a bottom in the $ 6.50 range and I'll probably dip into the piggybank for more Ancor at about $6.75 if we even get there. Of course that's if you still believe we are in an uptrend. >>>>Just a little more.... by: Tantulus (32/M/Silverdale,WA) 2174 of 2177 " ......The next wave The SAN market for hardware, software and services is expected to grow from an estimated $3.5 billion in 1998 to $14.8 billion by 2000, according to Strategic Research. Industry experts predict the next generation of SANs will take on additional duties in the network. "The next phase will be when servers aren't even dealing with requests," Ancor's Davis says. "Instead, the SAN will talk directly to the client <<<<