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Technology Stocks : Vitesse Semiconductor

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To: grace who wrote (344)12/12/1996 2:14:00 PM
From: Robert Talty   of 4710
 
Grace,
From a trading perspective, there have been a few changes in the last week over the previous few weeks.
- Lack of large orders (100K+) coming through at market.
- A very quick retreat from any advances that it makes.
- Less MM's active in the stock

I think that a lot of traders have changed over to being short this stock on any signs of strength, while it was going up I had no problem trading the stock short. Now I find that by the time I get ready to short it has already been beat back down from any advances.
regards
Robert Talty
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