PMC-Sierra (PMCS) Message Board

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Technology Stocks : PMC-Sierra (PMCS)

PMCS 11.65

0.0%

Jan 25 4:00 PM EST

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To: Toby Zidle who wrote (2563)	7/15/1999 7:19:00 AM
From: JZGalt	Read Replies (1) of 3818

Personally, I'd like to see the "institutions" take PMCS down on some perceived screwup (like increased R&D spending). Retracement to $50 wouldn't hurt the long term investor at all and give him yet another chance to profit from the irrational behavior of institutions. One other thing: Merrill Lynch got on CNBC the other day with Strong Buys or other such nonsense on VTSS and PMCS. Didn't help the stocks at all. To me when 30,000 brokers get on the phone with the "idea du jour" and the stock move south, it is likely we are not going higher in the near term.

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