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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: country boy who wrote (10459)8/11/1999 12:03:00 PM
From: Sampat Saraf  Read Replies (1) of 11555
 
IDTI has about 82 million shares outstanding. What do you think is the effective float? How much does that super-investor real-estate tycoon hold and how much do the insiders hold?

I feel that 7 million+ volumes of last 2-3 days may have effectively transferred all the shares from weak hands to strong institutional hands who will hold them for 3-6 months and dump them to momentum guys or day traders when IDTI is about 25-30/shr. Looks like 16-17 area would now be a strong support for some time. What do you think?
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