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

To: Stoctrash who wrote (1550)	8/1/2001 1:40:35 PM
From: techanalyst1	Read Replies (1) \| Respond to of 1805

No Fred... it won't. These stocks are in a clear trading range with a slight upside to them. I don't know if there are lots of funds in it, but the fact that it is following the trend so well, tells me that there are alot of people TRADING it. When it gets to the top of the range, they sell no matter what the fundamentals are. When it gets to the bottom, they buy... until it no longer works. So... it will likely fall again, but probably not due to the convert. Do you remember jdsu in 1999? These stocks are following the trend as closely as jdsu did then. Up, down on no news. Just people following the trend and if funds are in this doing that, they got lots of shares to move it where they want it to go. So... just follow the trend till it no longer works. Btw... Abby J. is out again. She's been as good at telling people to buy and having follow up the last year as Ralph Acampora has been at telling people to not buy cuz we're going lower. TA