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

To: KY who wrote (3153)	3/1/2000 12:50:00 PM
From: Guy Gordon	Respond to of 3818

You betcha! Every durned day. This is clearly getting out of hand, but what can you do? I thought the same thing about ANAD and sold it, only to watch it continue up. Any decision to sell PMCS in the past year and a half would have been a mistake. All I can say is that markets over-react. Right now, it's to the upside. Someday (soon?) they fund managers will abandon chips in search of value. (Have you looked at the drug stocks or retailers recently? Disaster!) When that happens, chips will correct, and even over-correct. I know it's coming, but I don't know what to do about it. Maybe buy puts? But what date, what price?