IDTI - an IC Play on Growth Markets Message Board

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Technology Stocks : IDTI - an IC Play on Growth Markets

IDTI 48.99

0.0%

Mar 29 5:00 PM EST

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To: tech101 who wrote (3321)	8/7/1997 4:58:00 PM
From: Rob S.	of 11555

There is some reason to have caution about the market looking over the next few weeks. Todyas movement in the NASDAQ looks like a signal for a top. We might get a pull back on profit taking. I sold Sept. 12 1/2 calls against my IDTI stock position yesterday for 2 1/8 and think that IDTI will either trade in a range or pull-back to 11-12. If the market has a major sell-off, the price could go down to as low as 9. The overal picture for a pick up in sales and earnings for this fall/winter is bright. I will be looking to pick up more shares if we get a significant pull-back. My guess is that the price will oscillate between the extremes of 10 and 15 until sales and earnings start to improve significantly. It will be good trading the stock if this is the case.

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