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Technology Stocks : Vitesse Semiconductor

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To: MoonBrother who wrote (1813)	10/7/1998 8:54:00 PM
From: The Ox	Read Replies (2) of 4710

I don't agree. The market has every right to be skittish and volatile. When the person who is supposed to know *what's going on* comes out and says that the current economic environment has surprised him (Alan Greenspan) and has taken a sudden and dramatic change in direction, it is understandable that Wall Street will be jumpy at best and panicky at worst. Then add that the street has given a very clear signal to the Fed that they are continuing to maintain too tight a bias and we get the complete opposite of irrational exuberance! The dollar is starting to plummet and, as a direct affect, gold is starting to rise. As gold and precious metals become a more attractive sector to invest in, this will continue to pressure the overall U.S. equities markets, IMO. All this has a direct effect on overall investor sentiment and one of the first areas to be hit will be those companies with high risk/reward scenarios. I believe the first question that VTSS shareholders/traders must ask themselves is as follows. Has the sudden change in the global economic situation directly affected this company's short, medium, and long term outlooks? I am curious to hear other's opinions and TIA. Michael

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