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 (235)	10/20/1999 9:22:00 PM
From: Wizard	Read Replies (1) of 1805

TER and AMCC and RFMD don't trade in lockstep, each has micro issues specific to each company. The 'buckshot' isn't totally random but you have to pay careful attention to make sure 'buckshot' is only that and put it into context of the underlying investment thesis. TER hit an order plateau as that is how that biz is, orders can be volatile. TER deserved to trade down a few points. The order situation is not a disaster but neither is a few points in a cap equipment stock. RFMD had very high expectations built into it and spooked a few with some poor guidance on the call. AMCC's quarter was clean, its just that the stock hasn't corrected in a long friggin time and its stock chart now has one blip in it. Yah I said 'blip'. You can call it random but I call that normal trading. Some portfolio manager might have just said 'hey, I just made 40 pts on this puppy and my bonus is locked for '99. hey Marv, sell 75k of that Applied Circuits stock we own.'

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