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Technology Stocks : Vitesse Semiconductor
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To: Jon Cave who wrote (1995)10/28/1998 1:12:00 PM
From: The ChrisMeister  Read Replies (1) of 4710
 
"I guess that I am a little cautious these days."

I agree. Even though company's like VTSS are in great shape biz-wise, the difficulties at the big blue-chips have shown they can drag everything down with them big time. Otherwise VTSS would have never traded much below 30. The Dow is now showing an inability to punch through the 8400-8600 level, which to me indicates we're likely to head back down to 7900-8000 over the next couple of weeks. I wouldn't be surprised if we end the year somewhere in the 7900-8400 range. There's nothing wrong with a buy-and-hold approach with a stock like VTSS (so long as you get in at a good price), but to me it was made to be traded for the most part.

ChrisMeister
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