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Technology Stocks : Vitesse Semiconductor
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To: gp who wrote (1348)4/9/1998 5:33:00 PM
From: The Ox  Read Replies (2) of 4710
 
On March 14 gp writes:
Last quarter there earnings beat estimates by a penny I sense a preannounced earnings release is due shortly.

On March 19 gp writes:
With profit warnings from the semiconductor industry strong, VTSS seems poised to retest the $40 price near term. I have heard from my firm's trading desk that there are a lot of large institutional sellers in the market place.

On March 24 gp writes:
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..

Now today we get the earnings shortfall declaration;

I say give it a rest gp, you have lost credibility here and it is very obvious that you are short (and new to SI).

Repectfully,
Michael
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