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Strategies & Market Trends : The picks

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To: Andrew Vance who wrote (4930)2/13/1997 3:12:00 PM
From: V3   of 6124
 
Dear Andrew,

Thank you for taking the time to pick out the top three for Steve and I. With what little time I had, I did my own DD on IDTI and contrary to your prediction, this stock appears to be on a continuing downtrend for the next 3 to 4 market days.
What makes you certain that IDTI will yield a 10% profit within a week?

Integrated Device (IDTI)
2975 Stender Way
Santa Clara, CA 95054
(408) 727-6116 - Investor Contact: Website: idt.com

Capitalization
% LT Debt to Total Capital 31%
Owned by Institutions 23%
Market Capitalization 754 Mil (i.e. not a small cap)
Avg Dly Vol (30 days) 1,611,100

First Call Consensus Estimate
for the Current Qtr(March): $ -0.03 ~ dn 112%

And furthermore, my observation of price chart on this stock for the last 4 weeks indicates that IDTS is going down to about $9.50 by mid next week.

I will be watching this one to see who is right.

Robin L. Kistner
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