We will push past resistance at 10, and it should keep floating up into 15 or 16 range. This is more gut feel than TA, but looking at the internet stock valuations as wel as other chip companies, this makes sense.
Also, this last week has been good to players in the embedded market. Check out ELON, INSGY, MWAR, etc.
Folks, don't forget that much of IDTI's success comes from embedded processors, like the new $5 chip they announced. These chips ship in huge volumes, i.e. for printers, routers, switched, etc. IDTI is still king in some of these niche (and growing) markets.
Good Luck Trading! This week should make a lot of very happy! |
