Vitesse Semiconductor Message Board

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Technology Stocks : Vitesse Semiconductor

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To: stock bull who wrote (483)	3/11/1997 6:22:00 PM
From: OldAIMGuy	of 4710

Hi All, My new trading range using AIM/Newport as my guide is to accumulate about 8% more shares if the price falls to $18.25 and to sell off 8% of my position if the price gets to about $45. I know this sounds like an unlikely range, but this stock is so far out on the Price/Book Value spectrum that I'm not willing to part with cash to buy any unless the price collapses. Further, I already have a potful of cash that I've accumulated while selling shares from the (price adjusted) $3.00 area and don't need to sell unless the price really soars. If the company continues to grow nicely and build Book Value, I'll tighten up on the Buy side and raise my strike price. Best regards, Tom

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