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

To: The ChrisMeister who wrote (1806)10/6/1998 3:19:00 PM
From: lazarre  Read Replies (2) | Respond to of 4710
 
Ok, I know the V is oversold; that's clear. What's not clear to me is what's happening now-- up over 2 1/2 points on a further down day for the Naz and Telcom taking another hit: LU, CIEN, CSCO---all down.

Short squeeze? Hmmmmmm. Maybe but I don't think so.

L



To: The ChrisMeister who wrote (1806)10/12/1998 1:10:00 PM
From: Jay Scott  Read Replies (1) | Respond to of 4710
 
Chris, you may well be right in your outlook for VTSS. Three weeks is probably as long as this part of the rally can endure. The charts are starting to shape up, and MSH (Morgan Stanley Hi-Tech Index) just gave a BUY. That puts us out a week or so before things start to nose over again. Plenty of time for some nice trades!

Regards,

JS


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