Vitesse Semiconductor Message Board

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Technology Stocks : Vitesse Semiconductor

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To: Skeptic who wrote (492)	3/20/1997 10:38:00 AM
From: OldAIMGuy	of 4710

Hi Luke, I agree with your views on VTSS. I'd like to caution you with one thought, however. There are times of P/E expansion and contraction. These have nothing to do with how good a company is, but rather with the 'mental health' of the Lemmings that speculate in the markets. Right now the Lemmings are Leaping off the cliffs. Best to get a cookbook for fresh Lemming, the bodies are piling up. I'll be adding to my position if the price falls much further. This is a good long term holding and my realized gains to date have been so good that I can afford a little pause. I don't see any reason for VTSS's P/E to be expanding right now, other than to get back to where it was previously. On the ohter hand, if the market sours on tech stocks, we could see a P/E contraction for the whole group. That spells 'buying opportunity.' My motto is "Buy from the scared and sell to the greedy!!!" Best regards, Tom

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