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

To: Scotsman who wrote (2238)	2/5/1999 11:56:00 AM
From: OldAIMGuy	Respond to of 4710

Hi S, VTSS seems to trade around a future P/E moving target. It gets ahead of itself, falls back a bit, but by the time the consolidation has taken place, the P/E target has moved up even higher. So off we go again. It's been very hard for me to effectively buy back shares in VTSS during the dips. VTSS doesn't that often dip below the 26 week moving average, and that has been a terrific general benchmark for making additions to one's portfolio. Maybe once or twice per year it will dip under that line. Currently the 26 week MA is $39.62, so if you could add shares under $40, it would be one heck of a good price looking out 6 or 12 months. Hope this helps, Tom

To: Scotsman who wrote (2238)	2/12/1999 5:17:00 PM
From: Amabile	Read Replies (1) \| Respond to of 4710

Scotsman I don't get to this site often enough for timely posts so the answer to your Feb 4 post is clearly yes (in hindsight). But not by a lot so far. What I have been doing with VTSS, as I mentioned in another post, keeping a core amount which is the maximum I will allow myself for one stock in a portfolio. Then taking some cash reserves and buying in when I see a 10-15% pullback in order to try to smooth out the return by selling when it is back to my expected price (not day trades but over some extended period). But, of course, it is impossible for me to time local highs and lows and it has only worked moderately well. Another factor is that I don't like to be out of VTSS so I tend to buy back to soon even for a temporary holding. Example, went out at $48 and couldn't keep from pulling the trigger and buying back at $44 when, in the back of my mind, I think I may well see $40 soon. What's the old saying?, "you pays your money... Regards, amabile