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

To: advinfo who wrote (22275)	6/3/1999 1:11:00 PM
From: E. Graphs	Respond to of 29386

Well, the way this stock is moving that gap could fill on market jitters not necessarily ANCR related worries. I am not concerned. I am long. I prefer gaps to fill and be out of the way (and remember not all gaps fill...I think I've read that 88% do) but, if we get to 20 or Steve's 60! :) or some highish number, I may take some profit and target the gap created today. Just an idea.

To: advinfo who wrote (22275)	6/3/1999 1:11:00 PM
From: Patrick Sharkey	Read Replies (2) \| Respond to of 29386

Well, if all gaps get filled, why do shorts ever get squeezed? If what you say is true, shorts always win, since they automatically have a second bite at covering at the gap. Simply put the buy in at the gap, wait, make the buy and see which way the mo is flowing before deciding whether or not to close the position, or ride the price down a bit below the "gap." So, I don't buy this analysis at all, particularly if news drives the market price.

To: advinfo who wrote (22275)	6/3/1999 1:30:00 PM
From: donald sew	Read Replies (1) \| Respond to of 29386

Northstar, >>>> As far as can see all gaps are filled, except for the one created this morning. ....and that's the one I would be most concerned about. <<<< I look at filling the gaps as just another buying opportunity, and as a positive for the stock not a negative, since it implies that it can then move further up. I realise that we all want to see ANCR move straight up, but these little oscillations should be only considered as part of the normal uptrend. seeya