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: Rob S. who wrote (11053)	12/18/2000 12:21:49 PM
From: Rob S.	Read Replies (1) of 11555

My guess is that IDTI will report some softness in business. This is strictly my speculation based on industry softness - not anything the company has announced. While on the one hand IDTI is selling a lot of stuff into new applications for communications gear that continues to see rapid growth, other business will slacken through the first quarter. This should not come as any surprise - the market has already anticipated it in the stock price. I think that the next week is an excellent time to accumulate select beaten down stocks. A combination of a sour mood on Wall Street that has caused many tech stocks to become oversold, year end window dressing, and year end tax-loss selling have combined to drive stocks down. Many stocks are testing near their 12 month lows. IDTI is trading very sloppy but I think it is a mistake to see this backing and filling action as a reason to sell now. If anything, this is a wide base building trading range. For traders: buy on sharp dips or as it moves off of an intraday base and sell as it bounces off of resistance. For trend traders, accumulate on dips; hold into the first quarter for a 30%-50% rally.

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