SI
SI
discoversearch

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: The ChrisMeister who wrote (1967)10/20/1998 12:24:00 PM
From: OldAIMGuy  Read Replies (1) | Respond to of 4710
 
Hi CM, Here's how AIM and I have responded to the recent price rise:
execpc.com
Of note is that my VTSS portfolio is just 4% shy of its all time high set during the summer. However, the price/share is still about 20% under that summer high. I also own 45% more shares now than when that former peak was hit.

This is just simple portfolio risk management - not very glamorous, but it works. It also isn't very time consuming which I like. Gives me time to come here and brag!!! :-)

Best regards, Tom



To: The ChrisMeister who wrote (1967)10/20/1998 5:01:00 PM
From: MoonBrother  Read Replies (2) | Respond to of 4710
 
"So now that we've made your target of 30 are you sold out/going short?"

To be honest with you, yes. I sold out my last portion today at $30, thinking that a mini correction is warranted given VTSS's powerful 40% gain in less than a week. Keep in mind that, there is NO straight line on Wall Street. At some point, the market will change direction, which suddenly happened this afternoon. I actually went further by selling some shorts in high 29 range. Don't worry, this is just an extremely short term play. I will cover it tomorrow if it goes below $28 - which I think it might be the case the first thing tomorrow morning, sorry if this guess offends anyone. After that, I will start to go long again as soon as I see the market's temporary correction finishes. This mini correction will take couple days with DOW down 200 pts, NAZ down 60 pts. If it does happen, VTSS could trade back to $25 ~ $26 range. But no, I don't expect VTSS go back to $18.

Off topic, the small NANO continues going up as expected. Up another 4% today to as high as $6.75 (from $5 when I first recommended last Friday). My guess is that it will touch $7 tomorrow and get ready to welcome Thursday morning's release.

Good luck everyone.

MB