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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From: Trader Dave	4/28/2000 6:12:00 PM
	Read Replies (1) of 3818

So "low?" I realize that relative to current prices PMCS was relatively low a week ago. Can any of the enthusiastic buyers tell me what price to earnings ratio pmcs was at when it was so low at $150 a share? Anyone care to talk about how much pmcs stock has appreciated relative to the company's growth over the last 6 months? Are these new buyers using any economic models to evaluate or understand their purchases? While my fundamental views are steadfast, I continue to assert that the downside risks to the market and high multiple stocks remain significant. Although over the long haul today's prices may seem cheap, a different market environment could make triple digits seem like a far away dream. Sadly, I don't think the speculative frenzy has gone from the market. TD

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