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)	4/15/2000 10:09:00 AM
From: SJS	Read Replies (2) of 1805

Franz, One comment to a pretty solid analysis. Typically, stocks and markets move with catalysts. You know: earnings, economic numbers, specific corporate events. While there are always these in the background, there are very few positive catalysts working after earnings to keep up stocks. The economic climate is growth, but the brakes are being applied, so that doesn't help. Valuations were very stretched, and there was little new "massive" money, so there is no more fuel to keep the pot at a rapid boil. Your analysis may be good at picking the right time, but sentiment and this drop will mitigate that. I don't expect a "V" bottom on this. I expect a sawtooth bottom...for a while. It will be re-tested many times before we re-ascend. Confidence is the most important thing to rebuild. Once that returns, the money is there to propel us back up. Steve

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