Silicon Investor (SI) -- The First Internet Community

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.

Technology Stocks : PMC-Sierra (PMCS) -- Ignore unavailable to you. Want to Upgrade?

To: Beltropolis Boy who wrote (2857)	10/11/1999 3:28:00 AM
From: Mark[ox5]	Read Replies (1) \| Respond to of 3818

Well, I have been in (and trading) AMCC and PMCS for over 6 months and have to say I sure did enjoy that post (and learned). Some of the technical mambo jambo is still a bit over my head - but I know both ATM and SONET are hot and we are in the beginning of a good 3 to 5 year infrastructure build out cycle. That said, short term looks a bit shaky. I think Fri was the first day that PMCS has traded the entire day below its 50 day moving average since March. Of course, it was HIFN inflicted but another day or 2 closing below $94 area does not bode well. Also, the huge volume Friday was not good. I am hoping (with heart) it was a shakeout, but cringing (with mind) at the chart. I think PMC will smash earnings estimates this Q, my main worry is guidance for the next Q. Unfortunately, these (currently) momentum stocks (even those momentum stocks who are leaders and perhaps 'undervalued') trade short term on perception. And if management says anything about "inventory reshuffling" and/or "supply constraints" or anything similar it might be a shaky short term (i.e. good buying oppurtunity). But it provides a big quandry for those of us with November options ;) Perception is everything short term, and with 2 recent hits (unfair or not): Taiwan, and Lucent inventory guilt by assosciation, any other comments might hurt PMCS out of proportion to their true signifance. That said, I hope we get to $110 by Thursday :) P.S. The thing that bugged me big time was coming home Friday and seeing CNBC special reports re: HIFN blowup. They have this big blue screen and put HIFN, PMCS, and VTSS all together in one big group and call them "related stocks". Hah! Please, HIFN is nothing like the other 2!! Perception Perception.