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


To: Ron Endres who wrote (20779)2/13/1999 9:40:00 AM
From: Mr. Twister  Respond to of 29386
 
I couldn't resist replying to the author :)
FWIW, AOL and the Motley Fool was were I first learned of investing. Had I listened to them, I would be where I am at today! I once owned IOM at 2 before it ran, AMER at 12 before 5 splits and and big board status and countless other small companies with names like MSFT, INTC etc.

This goes to show you that you should not take what is posted on here or any other board as truth. Do your own research, talk with as many people as you can,

BUT IN THE END, TRUST YOUR INSTINCT.

If you were right, way to go! If you were wrong, pat yourself on the back and tell yourself that you made the right decision with the information that you had. Go back to the drawing board and begin again.

Andrew

Mr. Levit,

It would be interesting to note in your article that Ancor Communications (ANCR) is now trading at 6 7/8. A couple of years ago you got caught up in one of the first "internet crazed" cases. If you were to again take a look at the company, you would see that it is drastically different from the one that you reportedly researched.

I believe that it is unwise of a FOOL to report only half the story. But that seems to be what we get most of the time. No where in the body of your story did you revisit any of the stocks that you talked of.

In case you cared, Ancor Communications has been under new management for nearly two years. They are men and women that came to Ancor highly regarded throughout the industry. Their first switch, a 1/4 speed switch, has been surpassed by arguably the best in the industry. The switch, dubbed MKII, is available in 8/16 ports. It moves data up to speeds of 1 gig a second. They have signed four OEMs in the past two months and are upbeat about their future. (per last weeks conference call)

My reason for writing this is simple. Lest we forget, to be a journalist is to get the information out to the masses. Too much of it is slanted these days to show ONLY the view of the writer. In this case you were all too happy to let the masses know about your "mistake". Unfortunately, many take what you, and others write, to be gospel. By not informing your reading public about a lesser followed company, the only impression they will have is, "Al Levit did not do well with it and the FOOLs bashed it for what happened a couple of years ago, so there is no way that I would ever consider owning this stock."

Thank you for effectively keeping the uninformed investor out of yet another FOOLish stock. May it multiply exponentially just to remind you of your FOOLish decision.