Applied Micro Circuits Corp (AMCC) Message Board

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Technology Stocks : Applied Micro Circuits Corp (AMCC)

AMCC 8.450

0.0%

Feb 3 4:00 PM EST

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To: SJS who wrote (210)	10/14/1999 2:18:00 PM
From: Trader Dave	Read Replies (1) of 1805

Ah, playing sword catcher. I was checking out the cisco chart this morning since I bought it too soon after the fore systems IPO sell off in 1994. I bought it April/May at around 3 and 3/16 and bought more in august at 2 and a fraction. The purchase at 3 and 3/16 killed me. (Back then cisco was around $40 a share or so and bottomed out at around $18 in the august 94 blow off. I'll never forget what the smart guy analyst at fidelity told me: "I can buy cisco in the single digits, I'll wait." ) (He was fired this year.) I wonder what we'll be saying about the difference between $58 and $54 three years from now? Those may $55 strikes look interesting..... TD Caveat: CSCO was a good call, last night I literally had a nightmare about begging a trader to sell my Template software stock at $14.50 before it collapsed. We sold it last year for $4. The memory of the losers seems to be as powerful as the winners.

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