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

To: Kayaker who wrote (1643)	10/16/2001 9:29:07 PM
From: techanalyst1	Read Replies (1) \| Respond to of 1805

That could be. Amcc isn't going to have a decent p/s. We went over that a couple weeks ago. It still doesn't mean someone needs to accuse me of being a short does it? Geesh! Someone asks me what else I like and I point out that I like amcc but am not buying more at this price. Rake me over the coals for it! I wrote a post that if David Rickey put out a press release saying he was buying shares, it would stop falling on Sept. 26th, and lo and behold it came true. I think amcc does exactly what it did in the Spring. It enters a trading range while it grows back into it's valuation. Whether that is from the 12/14-17/19 area or peaks out at 13/14, I have no clue. But it's not going back to it's old highs on $40 million per quarter in revenues. I do know that for sure. I really don't care what nasdaq does. It is a stock picker's market. TA