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Technology Stocks : PMC-Sierra (PMCS) -- Ignore unavailable to you. Want to Upgrade?


To: Trader Dave who wrote (1742)5/29/1998 2:10:00 PM
From: Billy Joe  Read Replies (1) | Respond to of 3818
 
Yep, TD, we're getting lumped. It's funny, but this is just like the good old days between 15 and 20 (but the $ swings are bigger). Tuesday-Wed move down was definitely institutional skittishness (or their programs kicking in). Thursday was smart money moving in to increase positions (price holds/bottoms in early AM and skyrockets after the hold). Today? I just got in and have no clue on today's move down.

Yepper, we're being blown around by "unrelated" economic and business news. Since the market's acting dumb on PMCS, I hoping that they become downright idiots in the near-term and drive the price through the floor.