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Technology Stocks : Vitesse Semiconductor
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To: Robert Schwartz who wrote (404)1/16/1997 1:09:00 PM
From: SI-Shark   of 4710
 
Robert, I agree that VTSS is risky and due for a correction. As I see it we have solid support at $35 and there is no way it can drop below $32 before the next earnings report comes out. (I'm ignoring the dilution effect extra shares will have).

The only reason that I'm concerned (from a trading perspective) is that there has been a change in the volume graph vs share price trend. Anyway, I've made plenty with this stock by not being greedy so I think I'll get out at the next high.

regards
Si-Shark

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