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

To: Stoctrash who wrote (1552)	8/1/2001 1:58:55 PM
From: techanalyst1	Respond to of 1805

FRED! Look at mu! It's been trashed in Barrons. It's been talked down by Dan Niles. It's been shorted by a ton of people on valuation. And it has remained range bound for 9 months! Maybe these goes lower. I certainly won't say they won't, and they are expensive, but it's going to be extremely difficult for amcc to get worse than a book to bill of zero. Just because they are expensive, doesn't mean they will go to trough valuations. That's where Fleck is making a mistake on being short intel. Expensive and twice trough valuations, but it doesn't HAVE to go lower and in the meantime, it's dead money. He's better off shorting KKD. LOL! He probably is. Eventually they'll get orders. The net isn't going away. And neither is the buildout. In the meantime... there are too many people making money trading it and that is one reason that it works. As long as they continue to do that, it won't go lower. Long term funds are probably out of these and have been for months. Just about the only ones left are traders.