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

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To: Trader Dave who wrote (108)11/28/2000 1:47:04 PM
From: SJS  Read Replies (1) of 469
 
He doesn't, but is. You can't stop fear, margin calls, and the stock blowing through stops. Then add momentum shorting, and you've got the confluence of the most powerful negative "attractors" there are.

There is no-one speaking positively enough for the company to fully counteract this.

So....if you're long, you gotta hang your hat on something. I think that might be that price stabilization must occur SOMEWHERE....but I don't have a rough idea of that floor anymore.

Does anyone here wanna take a stab at where the bottom (price wise) might be?

It's better than a quiet (and pretty stunned....) thread.

Steve
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