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

To: Duane L. Olson who wrote (1180)	2/17/1998 12:25:00 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 4710

Hi DLO, Sorry to hear that a bug's been after you. Hope you are mending well. Those buys in the $30s look very good right now. My portfolio is in the pleasant position of being near its all time high in value while carrying a fat cash reserve as well. Last April I didn't buy any shares back when the price dipped to the low $20s. With VTSS's heavy duty valuations, I just didn't think it was prudent at the time. OOPS!! With this last dip, I reduced the resistance to buying to a lower level and let it buy in the $30s using up about 20% of my cash reserve. After "earning" 30% in just a couple of months, the cash can now "rest" while earning 5%. VTSS continues to be a "learning experience" for me. The difference is that it's the most pleasant learning experience that I've every had! I just never believed that a company's stock that I bought for about $3.50 (split adjusted) was going to soar like this one has. Being a conservative old goat, I sold shares all along the way to keep a fat cash reserve available. No reversal to date has used up that pile of greenbacks. If the stock splits, it may make it possible for me to reduce the range I use between a buy and a sell. This is because I'll be trading a smaller percentage of the total holding. I'd enjoy that. Best regards, Tom