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Technology Stocks : PMC-Sierra (PMCS)
PMCS 11.650.0%Jan 25 4:00 PM EST

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To: Jimbo who wrote (3416)4/17/2000 6:07:00 PM
From: Harry Stein  Read Replies (3) of 3818
 
I am glad to hear you've done well. I take it from the posts that you all bought and sold. The way this market is going the techs could take a 50% plunge in any given day. PMCS had a 40% swing just today alone. You guys must be from Texas. It has gotten a little too wild and unpredictable for us Canadian folk. Remember PMCS was at $45 in october. Could it get that low again??? Do you have the margin to cover it if it does?
PMCS is a great company at a high price. PE is 5X higher than growth rate. I like it, but at what price.
Best of luck.
PS-had bought at 90 sold at 160 several weeks ago. Waiting for market sanity.
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