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 (2605)	7/21/1999 3:51:00 PM
From: Trader Dave	Read Replies (2) of 3818

I am not smart enough to call the timing of a market correction. It could come at any time. For that matter, I don't know anyone that can successfully call a top AND a bottom, which is required to be a great investor. While $120 may be viable in your two month time frame, so could $50 to $60. We have a full position in PMCS and would love to own more, but not in this market and not at these prices. (Well we did buy a nibble more, but just a nibble.) If I didn't own PMCS, I'd probably only buy 1/2 right now. We don't buy and sell stocks like this. Taxes eat up gains and every time i've sold PMCS it's generally been a mistake. TD

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