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

To: Dean Wilson who wrote (22247)	6/3/1999 10:20:00 AM
From: donald sew	Read Replies (2) \| Respond to of 29386

To all, Great news today, and it looks like the uptrend is strongly intact. I am noticing a technical pattern which I have mentioned previously. Each time ANCR bases, the forthcoming surge to the upside is about 5 points. It based at 4.5 then ran to 9+, then based around 7-8 and ran to 12+, and this time it was trying to base around 10, so 15 for the short/intermediate term is not unreasonable. Intermediate term for me is around 30 days. Keep in mind that the correction in the market may minimize the upswing. To put it in perspective, if this news came out in MAR, ANCR may already be at 20. If we can break 15 significantly and hold it I suspect we could head to 20, but until that happens the current support now is in the 12 range. Looking good, and once the correction is over for the overall market, we could be heading up strong. Hey we could still break 15 very soon. On the downside for just the overall market, especially the internets I am suspecting that the selling will restart in the next few days, so lets hope we can break 15 now. Looking great seeya

To: Dean Wilson who wrote (22247)	6/3/1999 10:24:00 AM
From: Eleder2020	Respond to of 29386

Congrats to all you guys over at Ancor . Management and staff. I'm really happy for all Ancor longs who have stuck thru thick and thin to be rewarded for patience and through everything and kept a keen eye on the story, the money and the technology. The collective board has made it an easy story to follow.It certainly reads like a great novel. READY TO PARTY!!!!!!!!!!!!!!! Best of luck, Ed