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Technology Stocks : Vitesse Semiconductor

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To: Robert Talty who wrote (286)	11/13/1996 4:59:00 PM
From: grace	of 4710

Robert, I think that your worry is same as others who hold relatively high P/E but good earning expectation stocks. VTSS up or down is currently followed by NASQ tech market. NASQ has a strong resistence against Tech sector with a good possibility of short term correction. If so, tommorow afternoon is a possible correction, and VTSS has a strong support at 32. Because many think the tech needs to be corrected, it may actually breaking the resistence and fly high. Next few days will be a good indicator to see up or down. Good Luck

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