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Technology Stocks : Applied Micro Circuits Corp (AMCC)
AMCC 8.4500.0%Feb 3 4:00 PM EST

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To: techanalyst1 who wrote (1640)10/16/2001 8:43:14 PM
From: Raymond Duray  Read Replies (1) of 1805
 
Hi TA1,

Re: Imagine someone accusing ME of being short amcc!
These days it is possible to imagine almost anything.

Except that the FRB intentionally took away the punchbowl from the telecoms bubble and is to be scapegoated. Since interest rates had almost nada to do with the excessive valuations and delusions of grandeur in the sector, I just couldn't let that one go....

Salaams, Ray
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