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Technology Stocks : Vitesse Semiconductor
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To: Robert Schwartz who wrote (394)1/10/1997 7:13:00 PM
From: zalesky   of 4710
 
To All: Boy oh boy, an anemic Book to Bill ratio, a terrible
reaction to the unemployment numbers, combined with a
solid earnings report from Vitesse...what a way to start
a Friday. Sold on the open, got back in shortly therafter
and rode the Vitesse wave and got off just before the close.
WHAT A RIDE!! Now with the Dow above 5700 for the first
time in history and with the NASDAQ at or above record
territory, we should see a moderate pull back during the
upcoming options expiration week. With Intel reporting
on Tuesday evening could see some damage during Monday and
Tuesday with an explosion of enthusiasm for the high techs
on Wednesday. Hopefully Vitesse can pull back to around
48 before it explodes to the upside by midweek. Good luck
to all, and to all a great Vitesse night!!!
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