Applied Micro Circuits Corp (AMCC) Message Board

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Technology Stocks : Applied Micro Circuits Corp (AMCC)

AMCC 8.450

0.0%

Feb 3 4:00 PM EST

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To: Raymond Duray who wrote (1052)	12/7/2000 8:58:36 PM
From: Ron	Read Replies (1) of 1805

Hi Ray, My observation on AMCC was based on short term resistance which is around 70. It's got to run thru that and hold above which would show buying far outweighing selling. We are not seeing that yet, and after INTC earnings comments tonight, we may NOT see it for awhile. Another one in a similar vein is QCOM which has just broken through medium term resistance of 100. However, I also watch the broader market. I have to say, I agree...not looking pretty here right now. I may have to go some on the short side as well.

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