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Technology Stocks : Vitesse Semiconductor

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To: Robin who wrote (139)6/27/1996 7:42:00 PM
From: Jim Roof   of 4710
 
I do not have an opinion for ITRI. I have heard it said that huge gap moves rarely hold bottom and this one is sliding lower. I think it is a trader's nightmare. I wouldn't play it one way or the other at this point and if I were long I would probably close it out on close stops and just chalk it up to fate. If I was short I would close it out with buy stops just in case it falls further. Keep moving them down and eventually you'll cover at an optimum price.

What are you thinking?

Jim
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