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Technology Stocks : Vitesse Semiconductor
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To: Trader Dave who wrote (2416)4/8/1999 11:37:00 AM
From: SJS  Read Replies (1) of 4710
 
Dave,

To push it to and over 60, I would think that there must be killer earnings AND a split announcement. Short of that, 55 will probably be the options expiration target, which is next Friday. Any pullback would be an opportunity to get in with more shares, or sell more puts.

This all depends on the quality of the earnings, and the forecast from management on the health of the company, and future prospects for those earnings.

IMHO.
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