Vitesse Semiconductor Message Board

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Technology Stocks : Vitesse Semiconductor

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To: Donald Kirchner who wrote (24)	11/22/1995 2:10:00 PM
From: Cameron	of 4710

Today VTSS is trading between 11 1/8 and 11 3/8. I computed the pivot point at 11 1/8 this am, and is appears not to trade below this level when tested. Also the volume is very light, which is when the low volume tends to be broken. With that in mind I feel that yesterday's low of 10 5/8 was the lowest we will see in the next couple weeks, indicating a possible return to the 13-14 level coming. Looking at the weekly price/volume graphs, It appears the consolidation is taking longer than I previously thought. Do you think as I, that VTSS will soon trade at 13-14 level, perhaps oscilating in ever decreasing range swings as it exits this cosolidation just above 12 1/2? At that time, perhaps in January I would expect VTSS to make a larger gain after the full consolidation has run its course. -Cameron

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