Veritas (VRTS) Message Board

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Technology Stocks : Veritas (VRTS)

VRTS 166.56

+0.6%

Dec 24 12:59 PM EST

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To: The ChrisMeister who wrote (211)	8/11/1998 1:36:00 PM
From: jsuk	Read Replies (1) of 742

I have followed this stock for some time now. I first bought in at $35 and was very pleased with the gradual climb up to mid $50's over the last few months. Over that period I have seen some volatility but make no mistake this is a gorilla of a stock. I have day traded this stock a lot as well as riding on trailing stops. It is a great day trading stocks. The spread on ask/bid is amazing. You watch this for a while and you will see that usually the spread is around a quarter point and once there is any upward move is usually grows to at least a half and believe me people often pay the ask. It has very predictable trends and good support once you identify the support levels which are a little hard at the moment. Certainly $50 seems safe but today there seems to be good support around $53. When it was trading between $37 and $42 which it did for a while I made $8000 on only $15,000 capital. I made $5000 last week by simply buying on the dip at 49 3/4. Don't be worried about volume either. VRTS frequently moves up on below average volume. This is a great stock ! Jerry

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