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Technology Stocks : PMC-Sierra (PMCS)
PMCS 11.650.0%Jan 25 4:00 PM EST
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To: tech101 who wrote (1805)6/10/1998 5:37:00 AM
From: Gregory Prokter  Read Replies (1) of 3818
 
Hi all,

First of all it's good to hear from you Youlu again. It's nice to see old-timers coming back to this thread to post. i realized that in the last year new guys have taken the central stage in posting their opinions, technical remarks and discussions on this thread. that's all very good. But those of us who predicted this Co. rise 3,2 and 1 year ago should find it especially satisfying that we were right on the money.

As far as the Thomas's opinion I believe he is right. This is coming from a guy who still believe we are going to see $100 share price on PMCS. however, all his opponents are also correct in their contr-arguments. So, the truth is somewhere in the middle. The market's overall pull back and pessimism precluded from PMCS to jump back to $50. Another good Q will do it. But lets not dismiss the market psychology due to among others to: Asian crisis, FED, overall public perception and psychology. what's important are the facts. And they tell me that the market is in the bad mood. It may change overnight and then Co.'s like PMCS will become once again a run-away train and you Thomas won't be able to catch it. It all depends on:

1) Staying Long in the stock that you believe in.
2) Not trying to time the market but using a drop in the price due to the external unrelated to Co. buz conditions to accumulate the stock.
3) Separating real and tangible from moody and untangible.

GP
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