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Technology Stocks : Vitesse Semiconductor
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To: Cameron who wrote (16)11/7/1995 9:43:00 AM
From: Donald Kirchner   of 4710
 
Cameron,
The increase in price and volume came between
11:35 and 12:40, after that surge the volume dried up and
the price drifted back down. One could speculate that
a mutual fund heard something that they liked at the
Prudential conference and took a position. Any further
advance probably requires Prudential to go to a "buy".
I still see support in the 10.5 to 12 range without further
events to drive it. Some money manager thinks he will
make money buying at this level, I think he's right, but
I don't know what time frame.
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