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Technology Stocks : Vitesse Semiconductor
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To: Scott Moore who wrote (587)4/28/1997 10:32:00 AM
From: carpe diem   of 4710
 
Scott, Good advice on the stops.

I thought the stock was in a nice trading range and wanted to
short it if it rose to 29. I entered my short position at 28.75.
I forgot the stop This is a big mistake whenever going short.
Of course VTSS kept running UP to 35. It was not fun,
but I held on until 28 and broke even.

I agree that this should be in a range, with high volatility.
What range do you see?? I will tell you from experience that having
a long position in VTSS should be more comfortable than a short
position.

The people posting to this thread have provided many detailed,
Strong reasons why VTSS is a winner.

Best Success in your short term range trading. I wont go short
but am interested in what price would you buy.

carpe diem
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