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: Trader Dave who wrote (3426)	4/17/2000 8:50:00 PM
From: SJS	Read Replies (1) of 3818

TD, I couldn't agree more. All of a sudden the quad bypass patient is out playing touch football 5 hours after surgery! I have neven been a bear, and I'm not one now, but it's way too early to be handing out high-fives that the market's "back to it's old self"! Guys.......This was a reflex rally!! Let's enjoy it, but vigilence is still the watchword, IMHO. Interest rates are not going down soon, and it could get just as vicious with some negative catalysts. Steve PS: CNBC reported that 81% of the tech selling last week was institutions. The buyers? Individuals at 61%, hedge funds and internationals were the rest. Some think it's mostly selling for tax purposes. Gesh. What a way to croak the market to pay income tax.

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