Yeah, I'm sick too--but I'm not working for financial advising Co. like you are, apparantly...
When VTSS gives the news... well,.... shall see...
From Jeff Macke, Yahoo Finance Reporter (Today, 10-9-14):
"The fear may be overblown but this time of year traders tend to sell first and ask questions later.
So what should you do? Probably nothing. If you’re like most investors you’re not looking at your portfolio more than once a month unless or until you see bold headlines about stocks plunging. That can make the prospect of opening up those statements pretty daunting.
The truth is trying to time the market is always a sucker’s game and that’s especially true during volatile times. Days like this aren’t a good time to radically change your long-term strategy.
Professional traders would love to see you panic into dumping some quality blue chips. Don’t be that person. Take a long-term view and if you’re in doubt make an appointment to meet with your financial planner."
Vitesse: Think Long Term, and Hold....(or BUY)
Zack's RSI (last week) = 73
Wilder's RSI (on Market Edge two days ago)=61
TD Ameritrade RSI on Advanced graph( today)= 14
See any discrepancy?
RSI is not my biggest tool.
I don't advise any short terms on Vitesse. Go long.... HOLD....
This stock is undervalued..... Time will tell.
I see more and more the case when a financial opinion such as the latest from Zacks is not an accurate basis for an investment. I can point out almost half of the opinions I have heard or read from experts end up not being helpful at all! Example: After I bought facebook at $40, it plummetted to $25. Within 2 weeks, an opinion said it would drop even further. Well...it DID drop... a few more dollars.... BUT LONG term, t went up. (mid $60 now!) I wish I had NOT listened to that short term opinion-- I sold & LOST MONEY!! That's just one example of many opinions based on the SHORT term, not the long term. If Zacks is giving short term advice by saying "definitely could be trouble on the horizon," based upon short term factors, I ask, How helpful is this?
Compare to Vitesse's view, pulled from their financial statement:
"Because our products are highly complex, it takes our customers 12 to 36 months to go from sample availability to first customer shipment as customers do the necessary development work to complete and qualify their systems in the network. Since it typically takes an additional 12 to 24 months to ramp into full production, we believe design wins represent a good leading indicator of potential future revenues. We model how our customers will ramp from design win to production based on a number of factors, including customer forecast, market segment, type of product, and historical results.
In 2013, we introduced the third-generation of both our switch engine and PHY products. These new products allowed us to significantly increase our served markets in Carrier, Enterprise and IoT networking. We have become the clear choice for meeting our customers’ needs for service delivery, synchronization, security, and software."
Vitesse is not short, but LONG TERM. By late 2014 through 2015 we will see the revenue flow from the design wins.. Zacks, you are not helping me at all, and I wonder if you're truly helping other long term investors.
One more thing, and I'll quit babbling: Does anyone see a cup and handle forming when you look over the last 4 months?
I would enjoy seeing a buyout, for sure! But I'm not savvy on the specific components each has and needs for Ethernet and carrier.--And WHO would benefit most from a buyout. Vitesse has boasted uniqueness in power usage, synchronization, and reliability with security, particulary with its design wins over the last three years. These are the talking points of the Company, right?.
The reality will be in next quarter's sales, predictions, and investor confidence for Q4 and 2015. I will hold steadfastly at this point... Whether it's realization of sales, or buyout, I believe VTSS will hit $6.00 by November. So any ideas: Which parent company would most benefit from a buyout?
As many know, a fair amount of those who hold Vitesse shares, including myself, were dealt a 20:1 reverse split a few years ago. We LOST a huge amount of share numbers for the sake of the company's endeavor to look attractive on the nasdaq, as well as to look more favorable to institutions while at the $5 buck status. This price was short-lived because VTSS could not show true profit, quarter after quarter. Plus it was dealing with its debt ( AND its reputation in court due to the back-dating scandal)...One would hope now that things are finally changing...but those who have held out long term like myself are never really sure!
Anything LESS than $5.00 after the next cc will be unacceptable, IMO. --If Vitesse is all it continues to claim to be, and if we have "traction," and products that no one else has...... Why in the WORLD would it not shoot past its undervalued 5 bucks and start shaking the tech word?! The moment we all hear the words "net profit," I believe Vitesse stock will soar. If that happens at the next report to investors (early November), $6.00 is not unrealistic at all. Anything less I would deem as undervalued and unrealistic-- particularly to those who have weathered this dreary journey for so long.
A fair amount of those who hold Vitessse shares, including myself, were dealt a 20:1 reverse split a few years ago. We LOST a huge amount of share numbers for the sake of the company's endeavor to look attractive on the nasdaq as well as for institutions at the $5 buck status. This price was short-lived because vtss could not show true profit, plus it was dealing with its debt ( AND its reputation in court !)...Things are finally changing...(I think...?)
If you or others believe the target price is $4.35, or anything LESS than $5.00, I say go invest elsewhere. If Vitesse is all it continues to claim, and if we have "traction," and products that no one else has...... Why in the WORLD would it not shoot past its undervalued 5 bucks and start shaking the tech word???
Come on Martin, pull out your whip and get cracking!
Your view on perception seems to be accurate--$ .34 jump in 3 days, without anything truly different since Q2 cc... --that is, anything except our new board member and high interest stakeholder.
Merger or acquisition would probably be a huge shot in the arm. I would think it comes into discussion occasionally.
William C. Martin: "I believe Vitesse has reached an important inflection point that presents compelling opportunities to create significant shareholder value.” Really? What are the compelling opportunities? I didn't hear them in the cc. What will compel people to invest if this fabulous company can't convince the tech world enough to make significant progress? Gardner uses the word traction as a go-to, but he just can't deliver confidence that we all need. Martin must be down in the hundreds of thousands or millions at today's market price.... He may actually be sweating more than me! -- When we were at $4.50 at least I had a glimmer of hope that I would recoop my losses.. now back to $3.00... I used to have a steadfast confidence in this company. Sorry folks, but I have become more skeptical than I had anticipated...
sentiment: maybe Martin will kick someone's b*tt om dollar on the board
Nice to hear from you. Did you hear the cc? I was disappointed that they cut it short and did not take further questions from callers. I was less than impressed with overall expectations for the next quarter.... Today they come out with this:
"Management will discuss the Company’s penetration into its high-growth target Ethernet networking markets and opportunities to expand in new segments such as Gigabit Wi-Fi, storage and automotive. Additional highlights will include the continued growth of Vitesse’s new product portfolio and success in building on a growing base of markets and customers."
How are they expecting to attract investors at their next presentation if they share lukewarm markets projections just three weeks ago? Am I going nuts?
I hold similar sentiments of frustraition. They have such great products and design wins.(bla bla) They said all last year that in 2014-15 things would ramp up. What answer does CG and Board have for the 8 mil shares sold at $3.35? The CC was lacking in confidence IMO. Pathetic job confincing me that this company is doing much more than paying the bills and bound to a static rate of sales. Did they even mention Russell 3000? What will drive investor interest? Big frustration for me...
Sentiment: Don't know: Do I cut my chains and losses? hold? for what?
Amazes me that the Board agreed to a $3.35 sale (at the time, below market price), and here we are staring at
$3.15.... I wonder what the investors who put out the $8 million think about this...? Very low volume...
Will we see the pre-CC surge like we have before? All the design wins and favorable marketing components of Vitesse's products.... Are they making the sales? All the charts they shared at 2013 investor conferences pointed up in late 2014. If we don't hear very positive news on Aug. 4, CG has some serious explaining to do!