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


To: Don Miller who wrote (1229)1/23/2001 12:51:52 AM
From: PATIENT-DISCIPLINED  Respond to of 1805
 
Thanks to you and John Carragher for your responses to my queries. This is a strong thread.

Today's price action, imo, was typical Wall Street mixed. It was great that AMCC bounced off $80.03 on good volume but its 4.34% loss was the most substantial of all of its group of stocks.

It also is interesting that VTSS lost so much after hours even though I have been able to find no caution in the things available to me in its earnings report. PMCS was also down big after hours.

Wall Street always amazes at its ability to keep thing perplexing. But, that's what keeps trading challenging.

Possibly, AMCC will hold 5 major support/resistence hits between 79.44 and 80.19 tomorrow and resume its uptrend. If not, it will be a great buy at a lower support level unless Wall Street is turning the market down big time. That would be startling in front of Tues, Wed, and Thursday's earnings reports.