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Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Dale Knipschield who wrote (3478)	5/3/2000 2:20:00 PM
From: The Ox	Read Replies (1) \| Respond to of 4710

Hiya Dale. You picked a perfect time to get out of town. As to VTSS, it's been a tough one to call. My gut reaction as of right now is to try to lowball an entry, if you are looking to add more stock. The recent drop below $50/share was a very nice place to load up and with the way the stock is acting, we may very well have another chance to buy down there. I must admit that I didn't buy that dip but bought a bit higher. I did sell my trading shares in the high 60s for a very healthy short term profit. I still have my core position, cost basis of around $11/share that I don't have any intention of letting go at this time. I'm really not the person to give the overall market guidance you've requested. I will say that it appears that there are plenty of indicators pointing toward inflation, rising commodities-most specifically high oil prices, strong GDP growth, tight labor markets, large trade imbalance, high consumer spending and low savings rates, etc... I haven't read any of today's news so I have no idea why the market is down 200 points today other than a continuation of the concern everyone seems to have that the market is over valued and that the FED is going to keep raising rates. If you have the time, I'm interested in your opinions on VTSS and the market when you've had a chance to catch up. Best regards, Michael