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Technology Stocks : Applied Micro Circuits Corp (AMCC)
AMCC 8.4500.0%Feb 3 4:00 PM EST

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To: Guy Gordon who wrote (402)3/17/2000 12:33:00 PM
From: MulhollandDrive  Read Replies (2) of 1805
 
"Wild couple of days"? Are you always given to such understatement? :-)<<

Waaayulll, I've been thru a couple of these now <g>

My son is also in AMCC and he was "sick" just day before yesterday. I told him to hang tight. In fact he needs to increase his position, imo.

If you can't ride out 20, 30, 40 percent corrections, you really shouldn't be in stocks like AMCC, JDSU, etc.

One thing that keeps it in perspective for me is whenever I look at my account (extremely concentrated in networking and semis) I accept that when it's at a high, it's probably about 20% "inflated" and the expectation is always there for a correction. I really need to start getting involved in options on my stocks since I'm getting fairly accurate in timing the pullbacks.

bp
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