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


To: MoonBrother who wrote (1813)10/7/1998 5:57:00 PM
From: MoonBrother  Respond to of 4710
 
Someone mentioned that VTSS was on the top of a recommended stock list . Here is the message got from Yahoo.
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Reply

GREAT
RECOMMENDATION!
satan_slayer_
Oct 7 1998
2:22PM EDT

On Monday, I bought 300 shares of VTSS at $18 per share
based on a recommendation I received from a newsletter called
"Fox's Fabulous 500" Stock Picks. In the October 1998 issue,
Fox ranked Vitesse as a top buy on their Top 500 list.
Considering the slide in the market this month and the fact that
VTSS is holding up pretty well, I think that they're right! I very
pleased with Vitesse's performance over the last few days.

Also, I've done really well on some of Fox's other top selections,
e.g. QLGC and DY. Those interested in checking out their
newsletter, should log on to their website at:

foxenterprises.com

Good Luck and long-live VTSS!

Satan Slayer



To: MoonBrother who wrote (1813)10/7/1998 8:54:00 PM
From: The Ox  Read Replies (2) | Respond to of 4710
 
I don't agree. The market has every right to be skittish and volatile.

When the person who is supposed to know what's going on comes out and says that the current economic environment has surprised him (Alan Greenspan) and has taken a sudden and dramatic change in direction, it is understandable that Wall Street will be jumpy at best and panicky at worst.

Then add that the street has given a very clear signal to the Fed that they are continuing to maintain too tight a bias and we get the complete opposite of irrational exuberance! The dollar is starting to plummet and, as a direct affect, gold is starting to rise. As gold and precious metals become a more attractive sector to invest in, this will continue to pressure the overall U.S. equities markets, IMO.

All this has a direct effect on overall investor sentiment and one of the first areas to be hit will be those companies with high risk/reward scenarios. I believe the first question that VTSS shareholders/traders must ask themselves is as follows. Has the sudden change in the global economic situation directly affected this company's short, medium, and long term outlooks?

I am curious to hear other's opinions and TIA.

Michael