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


To: Patrick A. Kelly who wrote (20520)2/1/1999 4:05:00 PM
From: jim g.  Read Replies (1) | Respond to of 29386
 
Pat,I don't think it is worth it. U have a chance to make some short term money but risk losing out on the bigger picture. Just my opinion, but i think the feb 8th investment conference will prove to be beneficial. With the anticipated growth in the Fibre Channel and SAN market place there should be a growing interest in these stocks and right now ancor is probably one of the only pure plays in this field.




To: Patrick A. Kelly who wrote (20520)2/1/1999 10:16:00 PM
From: srvhap  Respond to of 29386
 
<<.buy back mid day? Look at the past three
days. Should we be playing this while we wait for the next announcement? Or, is it too
risky to be below one's maximum long position with the ever impending "news" that
really could happen at any moment? I feel as though I am missing out on some "no
brainer" trades.>>

Pat, for the first time in a couple of years I sincerely feel that the "no brainer" trade is to sit on a long position. The float is up, NASD can't be to far off, OEMs are coming into place, cash flow - though not great is not a looming dark cloud. All in all - I think the best position is long and sit on it. FWIW.



To: Patrick A. Kelly who wrote (20520)2/1/1999 11:33:00 PM
From: w2j2  Respond to of 29386
 
Patrick, I agree with the other responders to your query. I think day trading is very close to gambling, and you are destined to get burned. So decide how much you want to bet on this speculative investment, and "sit on it" as srvhap says. Remember, Ancor will go down again sometime. IMHO wj