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Technology Stocks : Vitesse Semiconductor

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To: Carl R. who wrote (489)3/20/1997 10:26:00 AM
From: OldAIMGuy   of 4710
 
Hi Carl,
Last summer I bought some more shares when the price fell back to $18 and that was a good price. This time it should be that much better as the company has continued to prosper. The P/E is still pretty fat, but growth seems to still be in our favor. My cost is less than $5/share pre-split, so it's hard for me to get upset here!

$18 will be my FIRST buy-back. I'm holding nearly 1/2 of this portfolio in cash since I sold shares into the massive rally. I'll start buying shares back at $18, but should be able to continue to buy all the way to under $10 if it should fall that far.

Best regards, Tom
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