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


To: Columbus who wrote (2366)3/23/1999 11:05:00 AM
From: OldAIMGuy  Read Replies (1) | Respond to of 4710
 
Hi Columbus, I like the nautical quotes. Here's a new one to add to your collection:

"When wearing an Ocean Blue dress, be careful of seamen!"

VTSS seems to be taking a breather here. I last sold about 8% of my position at $52 in January but it's been relatively quiet since then. The analysts have all lined up to praise VTSS as the new wunderkind which scares the heck out of me. Where were they last Fall when the price was sub-$20? If they all love it now, how long until they all hate it?

Through selling small portions of my position, I've raised my indicated cash reserve to about 42% of the total portf value. So, if the price retreats a bit, I'm prepared. If it continues higher, I have more shares to sell. Next sell will occur near $55.

Best regards, Tom