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Technology Stocks : Vitesse Semiconductor
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To: Robert G. Harrell who wrote (485)3/14/1997 2:05:00 PM
From: OldAIMGuy   of 4710
 
Hi Bob,

The program that I use is really set up for no more than one trade per week per stock. You can 'trick' it into trading more frequently, but even 1/wk is more than most stocks need. VTSS, with its speculative backing, has had volatility that might benefit short term and intra-day trading, but that's not my style. AIM/Newport is a slow-motion affair by comparison to day trading.

I have had VTSS in the portf. since Nov. of '93 and have sold a pile of the shares. I've artificially expanded the trade range recently as the P/E is high enough to be scary if the market turns ugly. I've enough cash on hand that I don't need to sell more shares and don't want to buy shares back until the apparent P/E is in the low 30s. So with those estimates of earnings in the $0.70 to $1.00 range, I might just have to up my Buy Price! I might raise my next buy to about $24.

Thanks for the info and keep up the good work. I'll be involved with VTSS until I see it slow down a bunch on its growth.

Best regards, Tom
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