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

To: MoonBrother who wrote (2053)	11/26/1998 8:56:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 4710

Hi MB, I appreciate your re-assurances about VTSS. After all, I'd hate to think the 766% I've made on the stock by being long for about 4+ years might somehow go away! We each have our own strategies and as long as they work, we're all happy. Thomas Phelps wrote an incredible book back in 1971. It's very difficult to find, but worth reading. He traces the history of about 300 companies that returned 10,000% over time frames of between about 10 years and 40 years. He analyses just what similarities the companies had at their beginnings. He isn't very kind to those of us that trade on a shorter term basis. His is strictly a "Buy and Hold" philosophy. One quote comes to mind, however; *"The reason people don't make more on their investments is that they don't set their goals high enough."* An interesting thought - especially in these days of heartbeat trades. We can all annualize our returns, but it's still total return after all expenses and taxes that counts. Our ultimate goal, if we trade, is to make more than the broker and the tax man combined. My own history in the market was much like your current activity. After a while, I began to discover that the work in researching companies for my ST trading strategy was really quite good. It became noticeable every time I took money off the table - and then watched the stock continue to climb over time. What I learned was that most ST strategies didn't reward me adequately for the research time I was committing in selecting the stocks in the first place. It would appear that you are doing a great job in finding and selecting companies for quick profits. I applaud the fact that you are retaining a 20% position after the main trade is done. That's more than almost all ST traders. You might even think of increasing that "hold back" on your best quality stocks. I know that the crystal ball gets cloudier as we look further into the future, but looking backwards sometimes can be instructive. I first purchased 5000 shares of VTSS in about '94 at a split adjusted price of probably about $3+/share. If I'd set the lofty goal of a 30% turn on 80% of my position and moved on, I'd not have made nearly what I have on this stock. At least the remaining 20% would have experienced the 10 X growth that has occurred since. I just thought I'd bring this up since all we ever hear about on CNBC and even here on SI is that short term trading is the ONLY way to make money. There's room between Mr. Phelps' Buy and Hold strategy and ST Trading, but most never explore that space. Mr. Phelps' book title is "100 to 1 in the Stock Market"; it's been out of print for years, but might be available at larger libraries. Amazon.com still lists it, but says that it might take quite a while to locate it. Keep up the good work, but make sure you reward yourself adequately for the effort!! Best regards and happy Thanksgiving to all, Tom

To: MoonBrother who wrote (2053)	11/27/1998 2:42:00 AM
From: tech101	Respond to of 4710

OC3 (155 Mbps) for WAN, or fast-Ethernet (100 Mbps) for LAN (FDDI for earlier time), used to be "high-speed" two or three years ago. But today, everything is in gigabit rate in all network categories: WAN, LAN, and SAN (storage area network). In LAN, even for enterprise backbone, everyone knows g-Ethernet beats ATM, especially on desktop, because of its simplicity, low cost, and compatibility with Ethernet and fast Ethernet. In SAN, it is Fibre Channel that also runs at gigabit rate to be the dominating technology. In WAN, ATM is still the best choice for its QoS. ATM is also easy to work with frame relay and xDSL. IP over ATM is widely in use and ATM is increasingly playing an important role for the convergence of data and voice networks. But IP over SONET, and even IP directly over DWDM are emerging. Particularly, DWDM is growing so rapidly that 80-channel DWDM carried by a single optical fiber is becoming available from CIEN and LU, and each channel offers a bandwidth of 2.5 gigabit per second. It is a well-known fact that silicon is limited to sub-gigabit band. It is GaAs (maybe Germanium in future) that is the king for today and tomorrow's broadband networking chipsets. VTSS is the dominating GaAs networking chipset developer, just like PMC-Sierra dominated the ATM-PHY chipsets. (But VTSS is bigger in terms of market capitalization and revenue than PMCS with higher growth rate and lower price and PE.) I think ATM still has its days(and PMCS as well). That's why I like NN that is just having a turnaround story yesterday. I have followed PMCS for about four years and watched its phenomenal growth closely. If the management of PMC-Sierra reads my posts (as I believe so), they know how to use my free advice. They seem to know what they are doing.

To: MoonBrother who wrote (2053)	11/27/1998 10:27:00 PM
From: P314159d	Read Replies (1) \| Respond to of 4710

So i presume your annual return on your portfolio is in around 1000%. Well, when you get to the quintillions percent and manage two or three mini bears ( good for 20 years or so right?), you come see me. I'm at the Hilton suite in the mornings after which I only do lunch! Good call...dude.