Vitesse Semiconductor Message Board

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Technology Stocks : Vitesse Semiconductor

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To: The Gambler who wrote (4253)	11/1/2002 9:55:00 PM
From: stock leader	of 4710

Investors with higher equity can in fact short stocks under $1. However, the collapse to .62 was simply a bear trap. The same paranoid reasoning that made some folks dump at .62 also made shorts jump on in sub-1 range. It's really a study in psychology. Intense greed filled the shorts when VTSS got below $1 and they shorted aggressive with the thinking that it would keep going lower and lower (because the tech environment is so rotten) It's all about psychology of the moment and shorts fell into it and number have been forced/panicked to cover this week. Just a bear trap and they paid the price. that's why sub-1 stocks are so very tricky to short.

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