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Technology Stocks : Vitesse Semiconductor

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To: Scott Moore who wrote (812)	8/7/1997 5:18:00 PM
From: tech	of 4710

THIS WAS A MAJOR SHORT AS OF YESTERDAY'S CLOSE. It was simply a matter of time. The only question that remains is how much lower can we go. I will try to post the technical tonight. I covered half my short position today and I will cover the rest depending on what my analysis shows tonight. Re: long candidate vs. short in my opinion this is the best market condition to find oversold positions. I also shorted VIAS this morning and made over a $1.00 there. No matter what the overall market conditions are, identifying oversold and under bought positions will always prove profitable.

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