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

To: techanalyst1 who wrote (1039)	12/6/2000 12:33:43 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 1805

Hi ta1, I gather respect for your comments as we go forward. Let me try to merely sharpen your analysis with this quibble: Well, duh??? I do think that the fed is watching and will act if they feel we are coming down harder than we need to.... whatever that is. The "Fed" did just act. You may even find sublime evidence here: bog.frb.fed.us If you follow along, your see how the discount window at FRBNY plays into this. Besides that. This weekend there wasn't one single article I could find that had any kind of bullish undertones to it. They ranged from "stay away from tech, it's going down another 50%" to "the bear market will remain until 2005 or longer" to something like the dow going to 4000 or some such thing to bragging about shorting... short term contrarian. Wow, I was glued to Sauls' deliberations. My hat's off to you for staying on focus. In the event, my time was wasted because Sauls has such high disregard for reality. Then again, how is that different from what you were reading?? <g> When I ramble on here on the bearish case, it's not because I think AMCC is going to fold up the tent or anything. I'm merely trying to apply a bit of sense and wisdom about earlier failed bull markets to the present situation. I still think that AMCC could drift quite a bit lower when earnings and projections come out in the next couple of quarters. But I'm basically in agreeement with you that Rickey & Cie. have the nucleus of a good idea that can carry forward and be good down the line in 20 quarters.... if only there weren't pesky shops like Velio snipping at the heels, I'd be head over heels in love with AMCC. In the event, I see some stiff competition coming on beam reach to try to steal AMCC's breezes. Not to bring up BRE-x, since that's an entirely different kettle of fish........ Hehe. Keep that thinking cap on. I like it. :) Best, Ray