Drillbits & Bottlerockets Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Drillbits & Bottlerockets

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rich1 who wrote (2796)	2/6/2001 11:16:18 AM
From: John Pitera	Read Replies (1) of 15481

AMCC gets cut from Goldman's Rec. List--Bummer: Applied Micro (AMCC) 56 3/8 -8: Goldman Sachs downgrades to MKT OUTPERFORM from RECOMM LIST as firm believes changes in the business momentum are likely to cause some near-term pressure in the shares. With the company's most recent business update, firm is a bit more cautious on the shares in the near-term given the higher dependency on turns, the first signs of customer order pattern changes, and the still rather lofty valuation. ---------- AMCC had lots of lows last spring in the 45-47 area, so that would be a really nice price to get it at. BRCM would be in the neighborhood of mid Dec and then Jan 3rd 2001 lows at 72/73, so those levels make sense as cherry picking buy levels. It sounds like you would look for these levels to be hit in a 8 weeks or so if and when these 2 warn. So why not put the orders in and then take a look at them every few weeks. I'm not certain by any means that we'll see those numbers, but it does not hurt to have an order in. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next