APPLIED MICRO CIRCUITS (AMCC-Nasdaq): Technical Viewpoint: From a low of $45 7/8 on Nov 30, 2000 prices rallied, reaching a high of $75 3/8 on Dec 12, 2000. A decline saw prices pull back, reaching a low of $52.19 on Dec 21, 2000. Another rally saw prices penetrate resistance, closing 12/27/00 at $73.59. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Dec 27, 2000 when the Histogram crossed the "0" line to the upside. Support: Remains at $57.00. Resistance: Is at $75.00. Point & Figure: Reversed to the upside on Dec 22, 2000. A P&F upside reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! Applied Micro Circuits (AMCC-Nasdaq) @ $75 1/8 Stop: Use a protective stop of $72 1/4. Applied Micro Circuits is currently trading @ $73.59 plus $8.03 on Dec 27, 2000. Price Objective: $109 1/2. Risk/Reward: $2 7/8 VS. $34 3/8. Today's Risk Reward Ratio: 12:1