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

To: Gene W who wrote (3853)	3/30/2001 10:44:18 AM
From: The Ox	Read Replies (1) \| Respond to of 4710

Hi Gene, One note about trading: I believe you should always have a predetermined plan in place before you enter a position. This plan MUST include both actions to be taken in the event the position goes against you and your 'map' of when to take profits if the position becomes profitable. Especially when 'day' trading, the ability to cut the loss and move onto the next opportunity is an important part of the discipline, IMO. Holding onto a position, with nothing but 'hope' can be a big mistake, as well as an equation for disaster. I'm only bringing this up because you said you were just starting to trade. I strongly suggest you plan your trade and trade your plan. Many traders set a firm % where they will cut their losses and others use a range based on how weak the stock is acting. Good luck with your trading and, if you would care to share, please keep us updated on your progress ( so we might benefit from your experience ). Best regards, Michael

To: Gene W who wrote (3853)	3/30/2001 3:03:19 PM
From: Duane L. Olson	Read Replies (2) \| Respond to of 4710

Gene.... You might get a bit of a bounce towards the close today on VTSS, as some of the Funds have a big incentive to do a little window dressing. Tom might have some idea of what the risk/reward sitiuation is -- he has done extremely well over the years buying low and selling high. In any case, a bounce would be nice. It's really hard for me to believe that we have VTSS down here under 30, but I guess I won't try to stand on the tracks if the train is coming. I currently am holding 20% of what I consider a "normal" position in VTSS, and it is under water. And I'm delaying purchase of my next batch of VTSS since I found out that two of my funds (TVFQX and TIFQX) are big holders of VTSS already. Let us know how you do.... and good luck! dlo