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Technology Stocks : Vitesse Semiconductor
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To: MoonBrother who wrote (2010)10/31/1998 10:42:00 PM
From: Robert Schwartz  Read Replies (1) of 4710
 
MB - I can't argue with your logic. Not all of us are in it for the long-term. I hope your short-term trades continue to yield big gains. I, like you, believe that we will see 27-28 before 38-40, however, I feel good riding it out to 40. Seems like a less risky play. My experience has you 2 for 2 with VTSS and NANO. Let me know if you see any others that appear to be "significantly" undervalued to you. Great call on NANO at $5 1/2!

Side Note - You may want to look at CMGI - the internet venture capital firm (recently owned 30% of Excite! and 30% of Geocities). They've been to 91 3/4. Closed Friday at 56 3/4. During the international "crisis", CMGI went from 80's to 35! the last ~4 weeks have yielded a 60% runup! I anticipate seeing these guys back in the 90's barring any further global crisis. Unfortunately, it is very difficult to value a firm like this as their profit continues to be the result of "one-time" gains such as the selling of a large portion of their investment in Excite!. Ongoing operations are currently losing money and are projected to do so for at least the next 1-2 years. They continue to invest in numerous private start-ups in the internet arena. Each time one of these companies goes public, we should see a nice initial rise in CMGI (e.g. Geocities). I'm in at 37+ and 43+. It may be worth your while if this type of company is appealing to you.

Go VTSS!
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