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


To: Raymond Duray who wrote (1651)10/17/2001 4:10:41 PM
From: techanalyst1  Read Replies (1) | Respond to of 1805
 
Amcc is going to do fine long term. But why buy leaps when even the 10's are about a 50% premium?

For goodness sakes. If you think the stock is going lower, then don't buy leaps now. Wait and buy the stock at lower prices. Short term puts expire and are just going to eat away any kind of profit.

This stock is going to trade in a range anyway. Valuation is not going to let it rise significantly until they get better revenues.

TA