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: FR1 who wrote (3402)	4/14/2000 8:42:00 PM
From: Harry Stein	of 3818

At $.78 2000 estimate earnings, the PE is still 150 for a stock that is estimated to grow earnings at 50% per year. Is this the premium that one has to pay for this stock? I bought it in Jan 2000 at 90 (taking split into account) and sold last week. This is a solid company, my concerns are not with the company but its stock price. There does not appear to be a resistance point going down since it rose so quickly. Down side risk still seems high, might be best to keep the powder dry a little longer. If it hits 90 again, I am in. It was at 90, in Feb of 2000, not that long ago. Best of luck.

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