Vitesse Semiconductor Message Board

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Technology Stocks : Vitesse Semiconductor

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To: Trader Dave who wrote (2416)	4/8/1999 4:14:00 PM
From: David Rubin	Read Replies (1) of 4710

I think a sell-off is a good bet. Monday's breakout was not on very good volume, compared to previous breakouts. The huge run-up in the last half hour of trading today probably incates a lot of speculators hoping for a blowout quarter. Since VTSS is very predictable they will probably only beat estimates by a penny or two, which may not be enough to keep the speculators from dumping in the morning. My bet is a quick gap up to 59 or so, followed by a big sell-off to the 54-55 range. We've seen it before. Long term VTSS continues to be an excellent growth stock, but it has never been a good earnings play.

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