Vitesse Semiconductor Message Board

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Technology Stocks : Vitesse Semiconductor

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To: Joel Brussell who wrote (544)	4/11/1997 7:43:00 PM
From: Clint E.	of 4710

Hi Joel. Nice talking to you. I was away almost all day so I really did not get a chance to watch VTSS and NAZ. As I have been saying privately, I looked for a bounce in NAZ last Thurs. but then on Monday, after getting out of all of my longs, I became concerned about a downturn in NAZ. NAZ trading pattern, volume, and volatility has been indicating lack of interest by mutual funds to buy on dips. Without that support, NAZ is now dominated by day traders, SOES, and MMs who run stocks up and down on low volume. It is a real mess out there!! Believe me. I watch it everyday. I see things getting even worse in the weeks ahead as we exit earnings season. INTC's earnings on Monday does not really matter since everyone will be worried about erroding margins due to aggressive price cuts. Take care and don't forget to take profit!! Clint

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