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Technology Stocks : Vitesse Semiconductor

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From: Cameron10/29/1995 8:39:00 PM
   of 4710
 
Ken Thank you for clarification. I am completely unaware of CATS, and
will check a few things out. I am really trying to narrow the 35 items
I now watch, but what the heck, why not another! I still feel you are
incorrect regarding VTSS, as is seems to have a resistance level above
14 and a support just under 11 and narrowing with decreasing volume.
This, I believe, is know as a horizontal triangle in development, a
consolidation if you will, which after running its course, will
produce a change either up, or down, depending which is the dominant
course. Of course, that is only technical speculation, which does
not take into account industry wide trends. Taking that into
consideration, VTSS will, either, get caught in an expected hi-tech
sell off this week, or continue on is merry way between the converging
paths of support and resistance. I thank you for your concerns over
what might be my loss, however, I insure my potential downside with
put options regularily, so no need to fret. We can just concern
ourselves with the equities and what drives them. I still feel VTSS
is a good company with lots to offer, and will remain long regardless
of short term oscillations. I can explore put and call options
which are available for this equity to augment the performance in
the meantime. I am curious about your telephone conversation with
the head of relations (CATS). Could this not be considered inside
information? Or is what he told you commonly known?
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