Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: George Sepetjian who wrote (153)	12/1/2000 10:06:08 PM
From: Kayaker	Respond to of 469

I'm still waiting for one of the longs to explain why they held such a high p/e stock and rode it down. Greed maybe? Sorry George, not here.

To: George Sepetjian who wrote (153)	12/1/2000 10:26:55 PM
From: techanalyst1	Read Replies (1) \| Respond to of 469

I'll explain it to you George: Some of us have a very nice low entry price... one that will never be seen again. Some of us HAVE indeed watched the valuation and have sold enough covered calls to actually have made enough short term gains on it to pay for the shares many, many times over, AFTER paying the taxes. Many of us know what the LONG TERM value of these shares are. I'm not talking about where the stock will be today, tomorrow, next week, next month or in 6 months. I'm talking about several years out. Explain to me why you rode it 140 points down from the high in April back up to near it's high and didn't sell out then either? Waiting for long term gains? You would have done much better selling calls, buying puts and keeping your shares for a few more years. TA

To: George Sepetjian who wrote (153)	12/1/2000 11:23:40 PM
From: Trader Dave	Read Replies (2) \| Respond to of 469

I rode the pmcs down (using ta's strategies) and still feel the same about the long term fundamentals. after continuously studying the company's execution and the combined power of the acceleration in design wins massive R&D spin and superior management for the last 3 years, what appears to be wild volatility in the short term will be a barely measurable blip several years from now. i remember fore systems' ipo in march of 1994 spooking the bejesus out of cisco shareholders that didn't understand the impact atm and switching technology would have on the need for routing bandwidth. as i recall cisco dropped from the 40 ish range to the teens by august with some help from some misplaced downgrades from paul johnson (then of first boston) .... but even if you had bought at the peak in 1994 and held cisco for a while i don't think you'd regret it today. maybe the pe isn't so high if you understand what the non-published sustainable long term growth for pmcs could be. short term, i hope you're right, i'd love to see pmcs go much lower....