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

To: Trader Dave who wrote (937)	11/7/2000 7:38:28 PM
From: SJS	Respond to of 1805

Dave, You've not waivered from your opinions on valuation in the years we've talked about that. I always agreed that was/is a risk. It's becoming real now, for sure. I guess that they don't matter (or take a back seat) when the mo-mo is north and the confluence of events support increasing Q over Q growth rates, with a long runway. Now, as with CSCO, the street bets with a very short leash if they can continue the streak. Time for a little calculus (rate of change) discussion, eh? LOL. So that comes into question, like now, when the seeds of doubt are planted. It will be interesting to see what valuation WS finally puts on AMCC when we get to "acceptability". The question also arises whether staunch Buy & Hold individuals will soon take their fat profits in these stocks. ST and MT investors (and even some that call themselves LT) have done that already. Steve