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Technology Stocks : Vitesse Semiconductor
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To: shannon who wrote (555)4/13/1997 2:02:00 AM
From: Carl R.   of 4710
 
My guess is that Monday will be another down day, and that VTSS will move in the same direction as the market. I think the market will become more stable by Tuesday or Wednesday, and that it will rally again hard at the end of the week. But these are just guesses, and if I look at the tea leaves differently, I get different answers. The market will go where it wants to. 8^)

I can tell you that I sold covered calls against my VTSS on Friday. I sold the April 30's for 1 13/16. If we dip as I expect to maybe 28, I will probably buy them back Tuesday or Wednesday for .25 or so.

Good luck, and keep in mind, that this company is a good long term investment. The fact that I trade it short term is my own folly.

Carl
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