Vitesse Semiconductor Message Board

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Technology Stocks : Vitesse Semiconductor

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To: VoodooFL who wrote (301)	11/22/1996 6:23:00 PM
From: Robert Talty	of 4710

Bob, I'm doing a little day trading but I lack the guts to hold any position overnight. I'm making under 5%/day so it hardly balances out the risk. I expect VTSS to continue up for a while. I hope that when it goes up above $46 we see some profit taking especially from traders that purchased at $32 and $36. Not bad profits for a couple of weeks. The thing that concerns me is that we are not seeing the same nervousness in the market the way we did the last time that we visited the $42-43 price. Clearly a lot of people are comfortable with this price. On the competition side I dont know of any major product releases planned between now and the end of the year, at least none that will compete directly with VTSS. So lacking any bad news from VTSS I think the direction is up until we get profit taking. regards Robert Talty

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