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Technology Stocks : IDTI - an IC Play on Growth Markets
IDTI 48.990.0%Mar 29 5:00 PM EST

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To: Woody_Nickels who wrote (7481)3/21/1998 4:21:00 PM
From: Woody_Nickels  Read Replies (2) of 11555
 
Here's more analysis to calm PD. The chart and stats at this link:
dbc.com
indicate to me that the past two down days were on light volume, and
so the move was not very significant. Also note the size of the bid
and ask. There are 50 people trying to buy the stock at 13 5/8 for
every 1 willing to sell. Looks like a shortage of stock at 13 5/8 to
me! Also the 50 day MA 0n the chart should provide some support.
I would suspect some light profit taking or MM posturing was taking
place.
Good luck to all here.
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