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


To: uu who wrote (4205)9/25/2002 6:13:50 PM
From: rairden  Read Replies (2) | Respond to of 4710
 
Is this split adjusted? (6 to 1)

> 09/24/02 – Stock becomes a penny stock at 89¢,
> closing at an all-time low and 61% and below
> its 1991 IPO price of $1.50.

My first purchases were 12/27/94, 2/13/95 and
3/14/95, all at 4 7/8, or 81 cents split adjusted.
I sold out gradually from late 1996 to late 1997
congratulating myself on a 10x average gain,
only to kick myself in early 2000 when my holdings
would have bought a Silicon Valley house.

So now that we know how Wall Street operates, what's
our next five year plan? I'm long a couple thousand
Vitesse again now. Been trying to day-trade LSI
(unsuccessfully) because we probably haven't seen
the absolute lows yet. On the bright side, I won't
be paying any capital gains taxes for a long long time.



To: uu who wrote (4205)9/30/2002 7:38:53 AM
From: Lawrence Burg  Read Replies (1) | Respond to of 4710
 
Man, that's a message that should make the rounds on the boards. Nice assemblage of shamelessness and greed.

I'm toying with PMCS right now, long from $4.59 to $4.04. Waiting for the/a bounce. Today should be another ugly one, as funds and institutions finishing rebalancing holdings; or the perception thereof persists. Amazing the percentages involved now, on VTSS, NT, LU, ad infinitum...

Currently wondering whether the cats bounce through October, as the press I read through over the weekend has gotten even uglier, if that's possible.

Good Luck to everyone.