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

To: Stoctrash who wrote (1495)	4/25/2001 12:59:23 AM
From: techanalyst1	Respond to of 1805

Hey Fred... you noticed the large head and shoulders on amcc? It got back to the neckline not once but twice and retreated from there.... an easy call from a TA perspective... hedge or short. I don't need to short amcc tomorrow, I have puts from the last trip to 33.... and I didn't sell them yet. I thought amcc would hit the single digits last time from a valuation perspective, but it refused to go that low. It's possible it doesn't even hit the old low. Ya never know in this crazy market. TA

To: Stoctrash who wrote (1495)	8/1/2001 12:45:54 PM
From: techanalyst1	Read Replies (1) \| Respond to of 1805

No... amcc is not going to single digits. David Rickey already said that they have NO backlog and that's the reason they have no more cancellations. If that can't bring them down, then it's not going to single digits even if it's expensive. Get with the program and notice that the people trading these stocks have been making 20% on them two or three times a month. Brcm is even better than amcc. Who cares if they aren't going to break to the upside. Who cares if they go nowhere. That's no reason to not make some money. Top of the range is close. Guess we'll see if they break out of the range. Doubtful and hoping they don't. I rather get a strong base and lots of cash in the meantime. Beats waiting for single digits to cover or have you been shorting rallies and covering the dips? How come you changed your name? TA