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Technology Stocks : Vitesse Semiconductor
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To: Chuzzlewit who wrote (3385)2/29/2000 3:18:00 PM
From: Bruce R. Schlake  Read Replies (1) of 4710
 
Chuzzlewit, my base in vtss is $14 a share. I could have sold this stock after a 2 or 3 bagger a number of times. Instead, I bought more. I do not disagree that this is a major market bubble, but my main point is that it is impossible to time the market. This "bubble" has been going on now for a few years. Is it better to sell today, 2 years from now or keep the stock for 20 years. Leverage is your key to accumulating major wealth. If you give up your leverage now you better have a much better investment to put your profits into.

So what do we really know, we know that vtss has great fundamentals and is going up in price. In past years I saw too many winners get away after selling for a 2 or 3 bagger. Even with this said, I have sold stocks like amtd at $129 a share and look at it now. This is art not science, but generally speaking I say concentrate on your losers not your winners with a little profit taking now and then to spread out the risk. FWIW,

Bruce
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