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Technology Stocks : PMC-Sierra (PMCS)
PMCS 11.650.0%Jan 25 4:00 PM EST
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To: Billy Joe who wrote (2488)4/22/1999 8:01:00 PM
From: MGV  Read Replies (2) of 3818
 
I'm out. Not because this isn't a good company with excellent prospects. Its not only at an all-time high in price but, more importantly, at price-to-sales and forward price-to-earnings it is beyond the upper bound of its hostorical range. I understand I may be leaving a significant amount on the table here but with an average cost of $38, it felt like time to lighten up.
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