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

To: Harry Stein who wrote (3431)	4/18/2000 3:06:00 PM
From: Dutch	Respond to of 3818

If this is your thought process simply buy on dips and write at the money covered calls one month out and take you 15%/month. Works out nicely over a 12 month period.

To: Harry Stein who wrote (3431)	4/18/2000 4:18:00 PM
From: Trader Dave	Respond to of 3818

A small piece of rational thought in an irrational world. I agree with your sentiment. While I agree that buying at the peak of a frenzy can be disastrous, I'd bet PMCS's sustainable 10 year highly profitable growth will be at a much higher rate that the best industrial companies did in their best single best year once they were established. I'd bet PMCS' growth rates, barriers to competitive entry, and profitability won't have many comparables in history. (Assuming Taiwan doesn't sink into the Ocean or get bombed by China.) TD

To: Harry Stein who wrote (3431)	4/18/2000 4:43:00 PM
From: hospitalman	Read Replies (1) \| Respond to of 3818

Hi Harry I know we always have to be careful about letting valuation s get out of hand but i really don't see a comparison between pmcs of 2000 and gm of 1920 other than amazing price volatility. I am no auto industry expert but it seems to me that there were a ton of car makers that started up and flamed out before a few "gorillas" emerged. I wonder if there was one company that sold tires or steering wheels to all of them that made out like a bandit because they won no matter what car company survived? Or maybe roadbuilders, who didn't care whose cars drove on them? That's how I view pmcs, they are selling to everyone,and who the market decides should win in any respective market space is irrelevant to them.It's the old selling picks and shovels to every miner in the gold rush argument. Ken