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

To: techanalyst1 who wrote (1642)	10/16/2001 9:19:03 PM
From: Kayaker	Read Replies (1) \| Respond to of 1805

I bet there have been a good number of people buying amcc expecting a blow out since the ceo has been buying stock. However, they are likely going to be disappointed, but then again, they haven't researched amcc well if they are expecting that. I doubt anyone is expecting a blow out. A quick look at what their customers are saying makes that clear. IMHO if you are waiting for an attractive P/S number you'll never buy back in. The stock will move up long before sales are booming. Looks to me that just a hint of an upturn in business will send the stock up. My strategy at this point is to make a best guess as to when the tech bear is done and buy a select group of the best techs at low prices. AMCC and many other stocks have already more than doubled off their bottoms. IMHO unless there's a major new terrorist attack, we've seen the lows on AMCC and the Nasdaq.