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

To: Beltropolis Boy who wrote (783)	10/25/2000 10:19:45 PM
From: Raymond Duray	Respond to of 1805

Bee Bee, Good to see ya hangin' round these parts. Thanks for the hypothesis clip. :) You know, I stepped back into AMCC about 10AM and was amazed by the rest of the day. I got a funny feeling that a lot of the retail patzer crowd is doing the sort of thing I am right now. Witnessing (A) historically unprecedented volatility*, (B)quarterly investment banker profits at record levels and (C) 98% of all retail investors losing huge sums of money, if they haven't already vacated the market in disgust. Now, I'm seeing those who profit from (B) can and do cause (A) which in turn can cause (C). But I don't see this as being without an endgame. That could best be characterized, IMO, by what we witnessed in 73-4. Which is that everyone on Main Street just got so disgusted with Wall Street they went on an extended buyers strike. Do you see any indication whatsoever that the houses (of cardsharps) on WS will grow weary of eating their 'casino' customers before the game turns truly ugly? *John Roche, of Arnhold & S. Bleischroder, Inc. provided a statistic study today. At the top of the market in March, the NAZ was four standard deviations above the 200 dma. This was completely unprecedented. He went back as far as 1900 and found no other bourse in the world that had achieved this. Should the NAZ touch 2800, a distinct possibility from here, it will again be 4 SDs from the 200 dma. This level was only achieved once in the century and briefly by Brazil's Bolsa. So, what we are witnessing this year is absolutely unprecedented volatility. But not unprecedented fun.... Best, Ray