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

To: Trader Dave who wrote (2427)	3/26/1999 5:14:00 PM
From: Bulldozer	Read Replies (2) \| Respond to of 3818

Well surprisingly TD, I do not necessarily disagree with you (note the pained double negative). It is nowhere near as silly cheap as it was last summer and fall. Those are extreme opportunities that don't come along very often. However, I continue to believe it is harder and harder to find a great story that no one else knows about. With all the info sources available to people these days, stocks just naturally receive much greater coverage. Consequently, premium companies command premium multiples - and I think they always will. The key is to step to the plate when others hesitate - and reap the rewards over the long term. Is PMC cheap? Its gone to the high 70s/low 80s twice and retreated to these levels. Its volatile. We make money on volatility trading around the core position. No its not cheap - and based on their prospects - my bet is it never will be (WWW III/tech wreck excepted). Bulldozer