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: Trader Dave who wrote (232)	10/20/1999 7:20:00 PM
From: SJS	Read Replies (1) of 1805

Dave, I hope you're wrong, but it's setting up tonight to look miserable. There was some good news after the close (for me at least...) as CNXT did very well and is looking up. Today's rally was a welcome gasp of air relief, but I think they're going to hold our heads under water again....probably as soon as tomorrow. S&P Futures NOW down 7.40... Remember when the prevailing wisdom was that the September earnings quarter would be a "lay up"? Beware the prevailing wisdom. It's not turning out to be that easy. Good stocks with good earnings and good outlooks are really getting shot. For the last three quarters, it been more buy the rumor, and sell the news. Not for all, but most. Steve

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