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: FR1 who wrote (434)	4/14/2000 8:00:00 PM
From: Sweet Ol	Read Replies (1) of 1805

I think you need to think about the possibility that we are in the first phase of a significant bull market. In truth, most stocks have been horribly overvalued. No one would buy my business for those kind of multiples, and yet I consistently have >30% net profits. It is time to reflect on whether or not we have witnessed the bursting of a massive bubble in stock valuations. If this is true, there is still a lot of pain out there yet to be inflicted on us. I know you are going to say this old goat "doesn't get it", but take some time to consider these issues carefully. Remember the old saw; "the Bulls make money, the Bears make money, but the pigs get slaughtered." IMHO there will be plenty of time to get back into the market after a bottom has been established. I've been watching the market for over forty years and I have never seen it go up as fast as it goes down, except for short term blips. But, different opinions are why we have markets. Best to all! JRH

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