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


To: OldAIMGuy who wrote (1896)10/15/1998 2:44:00 PM
From: MoonBrother  Read Replies (2) | Respond to of 4710
 
Today's trading pattern looks suspicious to me. So far we got two big blocks. A 100K traded at 11:30am, another 300K traded at 12:00pm, both were at $23.5. Looks to me someone has placed a huge order to sell at $23.5, that's why the stock price has been dragged down from $24+. Don't tell me these big block selling orders are from those who bought yesterday. If that's the case, the guy(s) are playing so called "pump then dump" game, taking advantage of the traditional upswing before the earnings.

Whatever the case is, I'm convinced that VTSS will report an excellent Q4 report after the close, and will move up significantly in the next few days. After all, the market sentiment has completely changed for the better. JMO.

Good luck everyone!



To: OldAIMGuy who wrote (1896)10/15/1998 2:57:00 PM
From: David Lawrence  Respond to of 4710
 
A lot of eyes will be on VTSS this afternoon. LU, CSCO, TLAB, CIEN, et al will move tomorrow based on their results, in my opinion.