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

To: Trader Dave who wrote (1935)	7/17/1998 10:15:00 AM
From: Darth Trader	Respond to of 3818

I think the bottom has been found, during the first hour of trading nearly 500k shares will have traded. A lot of sell orders to absorb, buyers abound.

To: Trader Dave who wrote (1935)	7/17/1998 10:16:00 AM
From: Jeff Call	Read Replies (1) \| Respond to of 3818

>> 200 day moving average is $36, but bollinger bands show >> resistance at $40 1/2 Looks like we just tested lower resistance, bounced off of 40 3/4, and on our way back up.

To: Trader Dave who wrote (1935)	7/17/1998 10:36:00 AM
From: Danny Chan	Read Replies (1) \| Respond to of 3818

I hope it could go that low too. I'm ready to get some more for long term. I think lots of people think PMCS over-valued based on the published estimates. The 99 estimates has not been revised high enough. If they can grow core networking revenue at better than 40%, the earning should follow as well. Now 99E is only at 1.37 or 17% above 98E. Anyway, 98 to 99 should be at full blast. Is there anything from the CC that could be negative? Bunced off from the low now. I saw a 125k block ticks through at 42. Can anybody tell if it's a buy or sell or just bad report?