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Technology Stocks : Vitesse Semiconductor
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To: The Ox who wrote (2005)10/29/1998 8:12:00 PM
From: MoonBrother  Read Replies (1) of 4710
 
MH,

I really feel that at this point, cautions have to be taken for VTSS. Yesterday morning, only a little bit of Naz down at open caused VTSS down about $2 to low $30. But the subsequent 2 days worth of strong performance only brought VTSS back to where it was couple days ago. We have not seen any sustainable move above $32.5 so far. You can tell that, as soon as Naz starts meaningful drop, VTSS might be the first one to drop a sizable amount. VTSS is very volatile, and moves very quickly on both directions. So it could be the case that by the time you want to get out it already went down a lot.

Be careful!!!

MB
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