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Technology Stocks : Vitesse Semiconductor

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To: Rex Dwyer who wrote (660)5/30/1997 8:18:00 PM
From: SI-Shark   of 4710
 
Rex, I'd much rather be rich than right! So as long as I can keep on the correct side of the trade everything else is just talk.

Trading : Did you see todays wierd trading patterns for both TQNT and VTSS. I dont know what to make of them. I went long on TQNT at $37 1/4 and almost triggered my stop loss, when it nose dived, then shot straight up to $39 where I hit the sell button. I left a couple of bucks on the table, but not a bad days trading. I had a buy in at $34 on VTSS but didnt get any. I guess I'm getting to old for this game.

What I need is a few more no brainers like BMRQ at $12, that was easy money. I made a little on CHPS and CRUS in the last few days. Any ideas where they are headed? I'm inclined to hang on to CHPS and sell CRUS.

Fab loadings: I called a few of people to get some first hand information.
The Fabs were all loaded but they all commented on efforts to improve fab cycle times and to open up slots for very fast cycle time products. I guess that customers are ready to pay a little extra for quick processing.

P.s I don't know anyone at TQNT so they may have problems that I'm not aware of.

Si-shark


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