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Technology Stocks : Vitesse Semiconductor

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To: Olu Emuleomo who wrote (1312)3/24/1998 8:49:00 PM
From: gp  Read Replies (2) of 4710
 
VTSS is beginning to weaken in price. Volume has been drying up in the past week in anticipation of a weak quarter and more importantly a slow down in earnings growth going forward. The time to exit VTSS is now before it trades into the $30s+ after the earnings are released in two weeks. Trading on instinet has been large as institutional money flow is leaving the stock before the earnings date..
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