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

To: Kayaker who wrote (1645)	10/16/2001 9:53:44 PM
From: techanalyst1	Respond to of 1805

Come on Kayaker. You know me from several boards. You know I use my hedging money to buy more stock. This is what I've learned from the last two years: Lots of hedge funds (and some mutual funds) out there are mo mo oriented and the more stock they own, the more they have to sell (and will) if it runs up quick. I can't and I won't call bottoms or tops. I will continue to watch valuation and hedge my stocks so I can buy more shares. But I refuse to buy at a valuation like this when I don't have guidance, it's technically overbought and I don't want to give anyone the impression that I would be buying additional shares at these levels. And I don't appreciate getting slammed for an honest opinion on the valuation. TA