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Technology Stocks : Vitesse Semiconductor
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To: uu who wrote (4205)9/25/2002 6:13:50 PM
From: rairden  Read Replies (2) of 4710
 
Is this split adjusted? (6 to 1)

> 09/24/02 – Stock becomes a penny stock at 89¢,
> closing at an all-time low and 61% and below
> its 1991 IPO price of $1.50.

My first purchases were 12/27/94, 2/13/95 and
3/14/95, all at 4 7/8, or 81 cents split adjusted.
I sold out gradually from late 1996 to late 1997
congratulating myself on a 10x average gain,
only to kick myself in early 2000 when my holdings
would have bought a Silicon Valley house.

So now that we know how Wall Street operates, what's
our next five year plan? I'm long a couple thousand
Vitesse again now. Been trying to day-trade LSI
(unsuccessfully) because we probably haven't seen
the absolute lows yet. On the bright side, I won't
be paying any capital gains taxes for a long long time.
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