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: Jean M. Gauthier who wrote (3251)	3/15/2000 2:04:00 PM
From: Jeff Call	of 3818

In down markets PMCS tends to correct 30% (BTW 180 would be a 30% correction), then one day you'll see it UP 10 - 15%, and then you'll see it take out its old high. My timing wasn't any better than yours as I bought 100 PMCS at 250 on Monday, and then yesterday paid $6,400 for some August 210 Calls. Today those same calls are selling for $3,900. Ouch! We'll see it come back, the Dow is up and so are bonds. Money is rotating out of the high flyers and into "safer" investments. It won't stay there for long....

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