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

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To: SJS who wrote (3428)4/18/2000 10:30:00 AM
From: sam  Read Replies (1) of 3818
 
The market is volatile. And that volatility can obviously be deadly. Case in point -- last week. But you gotta live with it. Or go elsewhere. The market has recently been telling us two things (among others) -- earnings do matter and execution counts. Therefore, the high growth stocks that execute should continue to be favored. Those that don't will be slammed. Just because a stock sports a high PE does not mean it will be falling -- for good. For a time, perhaps. The market is still all about sentiment. So if sentiment is down, then all stocks may fall. As for the funds, they have routinely been more nervous than individuals. That may be because they are dealing with blocks that are very difficult to unload. Indeed, they really can only dump when stocks rise. In addition, they prefer to buy when stocks are down. Thus many now WANT the market to fall. Will they get their wish? I don't know. All I do know is that PMCS is executing. For today, I'll take it.
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