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Technology Stocks : Vitesse Semiconductor

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To: The Gambler who wrote (4073)2/5/2002 3:29:06 AM
From: OldAIMGuy  Read Replies (1) of 4710
 
Hi TG, I got a kick out of the "Stockpick.com" news shown here on SI about Vitesse. On Jan. 23rd they called for VTSS to be "flat" and on the 29th they said news was "positive." Nothing like being consistent over a 6 day period!
:-)

At this point because they are so closely tied to their existing customer base, they have to hunker down until the storm blows past. Overall, I see market risk as "average" right now. Nothing particularly good or bad going on. The witch hunt taking place amongst accounting firms and company reports is a distraction for now. Lucky for Long Term investors, most people's memories are very short. So, when Enron is no longer headline news maybe things will settle down.

Best regards, Tom
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