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Technology Stocks : Vitesse Semiconductor
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To: OldAIMGuy who wrote (4312)9/9/2003 9:14:43 PM
From: JK  Read Replies (1) of 4710
 
Tom,

Good job! Thanks for the confirmation that someone else thought buying at .70 cents or whatever the low was "scary". I was definitely not buying at that point.

Early in my investing I had an infatuation with penny stocks because of a lucky purchase. Found out the hard way it doesn't always work. I am no longer fond of sub-dollar stocks.

I "re-believed" in VTSS at about $2.20 - $2.50 and have been rewarded. My best guess is that a) the stock is priced ahead of earnings because of larger players, and that b) eventually the company will reproduce better bottom line earnings (04/05 time frame) as they focus on what currently makes them money. It goes down, it goes up. I hate market timing, but that seems the way to play.

Thoughts?

Regards, and thanks much for your reply, here's to staying in the black! (I need new skis)

- jk
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