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Technology Stocks : Vitesse Semiconductor

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To: Scotsman who wrote (2238)2/5/1999 11:56:00 AM
From: OldAIMGuy   of 4710
 
Hi S, VTSS seems to trade around a future P/E moving target. It gets ahead of itself, falls back a bit, but by the time the consolidation has taken place, the P/E target has moved up even higher. So off we go again. It's been very hard for me to effectively buy back shares in VTSS during the dips.

VTSS doesn't that often dip below the 26 week moving average, and that has been a terrific general benchmark for making additions to one's portfolio. Maybe once or twice per year it will dip under that line. Currently the 26 week MA is $39.62, so if you could add shares under $40, it would be one heck of a good price looking out 6 or 12 months.

Hope this helps,
Tom
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