Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jtechkid who wrote (1341)	4/8/1998 11:35:00 PM
From: Sam Nizam	Read Replies (1) \| Respond to of 4710

They report earnings on Monday. I bought April 45 puts today. If they miss are have any negative statements about future earnings, we could see well below 40. Sam

To: jtechkid who wrote (1341)	4/9/1998 12:19:00 PM
From: Anthony	Read Replies (1) \| Respond to of 4710

Given the bearish momentum of the market I think there is not much upside potential for this stock even if they do meet the number. My guess is that the looking forward statement for next quarters or so will not be enough for this stock to sustain the current PE. I believe ~80% is own by institutional and there is going to be a mass sell off if there is any bad news ahead. Good luck on your short.