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

To: Jimbo who wrote (3378)	4/13/2000 6:17:00 PM
From: John F.	Respond to of 3818

This stock will be up substantially by Christmas, but, tomorrow it is likely to stay at these after-hours levels unless the market decides to rally. Take a look at how AMD did today after coming in yesterday afternoon with more than double the estimates, blowout numbers. AMD was up $9 last night in after-hours trading, if I am not mistaken, and today AMD closed down $5. Check out the after-hours trading in KLAC. KLA Tencor came in with .38 this afternoon vs last year's .11 and a consensus estimate of .33. KLAC is up only .75 or so in after-hours trading. This massive selling on good news will pass, but it may take a few days...in the meantime, stocks with high PEs are vulnerable. Good Luck to all. Perhaps we will get that big rally in Tech Stocks tomorrow. It IS coming. Tomorrow may not be the day, but, at some point even shorters will feel compelled to buy back in and lock in profits.