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Technology Stocks : Vitesse Semiconductor

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To: Bruce R. Schlake who wrote (783)8/4/1997 6:03:00 PM
From: SI-Shark   of 4710
 
I was ready to short today, the large number of small trades scared me.
Is anyone else looking towards VTSS as a SHORT candidate?
I'm concerned that VTSS is no longer trading on the basis of any rational valuation its begining to look like a y2k stock. On that basis I'm real concerned about shorting to early.

Long term I find it hard to justify the current Market Cap. In my models it only works if you can assume P/S greater than 10 for the next 4 years. Thats one heck of an assumption in a cyclical industry.

Any comments anyone?

Si-Shark
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