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Technology Stocks : Applied Micro Circuits Corp (AMCC) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Hardison who wrote (229)	10/19/1999 5:39:00 PM
From: SJS	Respond to of 1805

It's a good strategy, however I don't like to personally short these comm chip stocks as they move explosively. They can destroy a short position very quickly. They move up 3 or 4 points in the pre-market, and unless you can trade, you've got to watch from the sidelines as your short goes against you. Of course, the same thing works in reverse, however, AMCC is down a reasonable amount from it's high (I sold quite a bit at 75....) so I think the short is not as much a slam dunk as it was 2 or 3 weeks ago. Good luck, however! Steve