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: lazarre who wrote (1807)	10/6/1998 5:25:00 PM
From: MoonBrother	Read Replies (2) \| Respond to of 4710

AMD has just made an extremely good earning report that blows out even the most aggressive analysts' estimate - earning 1c vs. -17c estimate. Looks like Tech world will be rejuvenated tomorrow to celebrate this event. Also noticed that there were some huge buying orders today that supported VTSS at above $20. This could be from those "insiders" who know VTSS's qtrly earning will be good. It could also come from those who sold big name stocks, e.g. CSCO, INTC, DELL, ASND, etc. After all, only VTSS IS a sure winning bet for at least next several qtrs. Good luck. MB

To: lazarre who wrote (1807)	10/7/1998 12:26:00 PM
From: The ChrisMeister	Read Replies (1) \| 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..." I don't read too much into one day. Those big cap issues move more slowly. I think we just had a snap-back day here. Minor correction: We only touched the oversold level with the close at $18+, but have now come out of it with the up close yesterday. Sorry if I sound picky. The colloquial usage of the term "oversold" usually implies a stock (or the market) should be bought, but such is not necessarily the case. A great recent example is Premisys Comm (PRMS): it went oversold at about $18 after having been up near $30 (if I recall correctly); it's now trying to hold $6. A slipping of the fundamentals partly accounts for this. But the moral is: stocks that go oversold can stay that way for some time, which means they go down more. Sorry for not currently being a big cheerleader. ChrisMeister