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Technology Stocks : Vitesse Semiconductor

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To: The ChrisMeister who wrote (1671)9/21/1998 4:14:00 PM
From: MoonBrother  Read Replies (1) of 4710
 
< A reasonable objective over about the next 3 weeks is $28 >

I think your projection is a little too conservative. Frankly, my guess is that we probably will end this week at $28. With all the weak hands out - could you believe someone sold VTSS this morning at $21 and change? - VTSS's expected powerful rebound is already underway. Tomorrow morning, VTSS should open gap up easily at above $25, and trade as high as perhaps $27 before pulling back a little. If the market as a whole cooperates, we could see VTSS break through $28 on Wednesday, even flirting with $30 before week ends.

Whoever bot VTSS at $23 or below, congratulation!

MB
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