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Technology Stocks : Vitesse Semiconductor

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To: pat mudge who wrote (3953)4/17/2001 9:06:42 PM
From: Duane L. Olson  Read Replies (1) of 4710
 
Pat...We certainly aren't out of the woods.... not even sure what direction "out" might be. There appears to be a growing consensus, however, that the low point will be during the current quarter.
VTSS is getting quite a bit of play after hours....I have a last trade at 28.50 (via Schwab extended)....
Your point is likely to prove accurate that there is no need to hurry on VTSS at this point. We could well get a retest, although I no longer expect a drop all the way under 16 as occurred. I'll add to my position before fall; meanwhile, the energy sector appears to offer opportunities, espectially those producers with a high natural gas exposure. I'm focusing on the royalty trusts, with an emphasis on NCN, ERF, and HGT. A fourth high yielding possibility would be SJT.... And I must attribute much of this info to "Whitepine" who got in at somewhat better prices than I into NCN, HGT and SJT... I would add BR as a currently favored energy production play, but it doesn't offer the high dividend yield (18% to 30%) of the other four.
Good luck with your investments, Pat
dlo
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