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

To: Jeff Call who wrote (3342)	4/13/2000 3:12:00 PM
From: Lee	Respond to of 3818

Jeff,..Re:.Why would you sell a stock like PMCS on the eve of its earnings announcement? Just added more at 139 9/16! Cheers, Lee

To: Jeff Call who wrote (3342)	4/13/2000 3:21:00 PM
From: Trader Dave	Respond to of 3818

Because companies that are blowing through their results are trading down sharply after they report. If you are buying (a general comment) because you expect an immediate bounce you are speculating. Spectacular results could just create enough upside to allow those that want out to get out. Maybe we rebound from here, maybe we don't. Hopefully we'll get to a point were people are thinking longer term and the margin speculators are bankrupt and scared of these stocks for a while.