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Technology Stocks : Vitesse Semiconductor
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To: savolainen who wrote (876)9/15/1997 10:13:00 PM
From: NO Bull   of 4710
 
S - If I had only known the secret, I would be long.

As you say:
"Buy at the bleakest time in a declining industry, picking management that has the technology and the expertise to execute and produce product a couple of years out which will be key for the underpinnings of a new infrastructure that no one knows about yet... and, just to be sure, find a technology that is obscure, complex and capital intensive enough to discourage competition... continue to hold in the face of a constant barrage of articulate, logical, compelling reasons to sell... and just to make things interesting pick a stock which now and then does a bungee jump to test the nerve..."

Well, now I know the secret, and I am not long --- I am still short.
The bungee jumps have continued to test my nerve as they did last year on PRST (Presstek) and CSCC (Cascade). If I can live through this one, I may get some sleep again.

It has been a tough three years for the bears.

And that's No Bull from New Orleans.
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