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

To: OldAIMGuy who wrote (4360)	11/16/2004 4:36:29 PM
From: The Ox	Read Replies (2) \| Respond to of 4710

Yes, the stock has acted real well over the past 4 sessions and, for the most part, it has been doing well since the end of Oct. I've been wondering if we aren't seeing an early "January effect" lately (not just with VTSS but a number of beat up stocks), since a lot of (tax) selling was done in Aug, Sept and Oct? Also, the large downward adjustments to future earnings estimates were almost 3 months ago and we may be seeing a change in expectations (for the better). Maybe the downward revisions were a bit too pessimistic? I'm sure the AIM system has allowed you to profit from, or rebuild, your positions. I see AMCC finally bit the bullet and decided to do a massive restructure. As far as I'm concerned, it's about time! I think they waited far too long and it's has, and will continue to, hurt them until they drastically reduce their overhead. BTW, I don't think there are many of us left from the ol' days on SI! As always, I hope all is going well with you and your AIMer friends! mh