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Technology Stocks : Vitesse Semiconductor

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To: OldAIMGuy who wrote (1159)	2/5/1998 11:26:00 PM
From: The Ox	Read Replies (2) of 4710

TV, I have followed your strategy with VTSS for a while and I couldn't agree more with the profit taking. Will VTSS go higher? I think it will. The question is when. You have an opportunity to take very nice profits in a relatively short period of time and I say go for it. As I look at the short term, VTSS has made a nice run and I would expect at least a 10-20% pullback from the current level but we all know what short term predictions are worth!! For those who don't have a position in VTSS, my advice is to wait for a large pullback. VTSS carries a 50PE. This leads to big time volatility. It almost always gives the conservative investor a chance to buy on large pullbacks. Set your entry point and wait! Having this short term opinion doesn't sway my long term view. VTSS is in a unique situation at the right time and will continue to be the leader in it's field for the immediate future. ...above my opinion...do your own research....good luck to all... Michael

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