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

To: Sun Tzu who wrote (1610)	9/17/1998 4:08:00 PM
From: SJS	Read Replies (1) \| Respond to of 4710

A little more data, from briefing.com: ___________- 15:26 ET Vitesse Semiconductor (VTSS) 23 13/16 -4 7/16 (-16%): Chip maker's shares have fallen 16% amid renewed fears that growth in telecom equipment market is slowing. Two of its customers, CIENA and Tellabs, have already warned. And this morning, world's 4th largest telecom equipment maker said it expects to disappoint, because of customer spending reductions caused by Asian economic turmoil.

To: Sun Tzu who wrote (1610)	9/17/1998 4:13:00 PM
From: Robert Haim	Respond to of 4710

I have held VTSS since 1995 and it has been a great ride. I have only heard good news during the recent downward spiral. I believe that insider selling + current overall market conditions have contributed to its recent demise. Nevertheless, I think it should be able to bounce back up. 22-23 are excellent support levels. During the past few days, it has been trading between first 28 to 33 then 25 to 28 and i believe now between 22 and 25. If it can hold near 25, it may go to 27 in the short term. Good Luck, --robert

To: Sun Tzu who wrote (1610)	9/17/1998 5:32:00 PM
From: The ChrisMeister	Read Replies (1) \| Respond to of 4710

"Very good posts Chris." Thanks, I'll take donations, as my order was of the virtual variety. I was over here at SI, waiting for a sell on something else to fill, having last seen 25 x 25 1/8 here, during the bottom falling out. When I next looked, I was amazed to see it had bounced off 22 3/8 (my screen was showing 21 7/8, but that changed later) and was rallying into the high 23's. It was tempting to short it for a couple of nickels above 24, but instead I put in my buy order at 22 3/4. Maybe it'll fill in the AM, if we don't gap up on the open. One almost can't be a choosy enough buyer in this market, but with my luck it'll get away from me. Wish I could figure out how to use buy stops... Anything on your thread regarding that? ChrisMeister