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: Joseph E. Caiazzo who wrote (3311)	8/7/1997 10:00:00 AM
From: OldAIMGuy	of 11555

Hi JEC, In response to your question from the VLSI board, I've taken a look at the IDTI AIM/Newport account that has done so nicely for me. Right now I have 1000 shares in the account. The original shares were purchased at $9.50/sh. All trades along the way have been for 100 shares each. That includes six Buy trades and six Sells. Every Buy has been below the 26 week exponential moving average while all Sells have been above it. Presently I have 'good until cancelled' orders in to Buy 100 shares of IDTI at $10.50 and Sell 100 @ $14.75. This range is based upon the number of shares for the order and a Buy Resistance (SAFE) of 10% and 5% for Sell Resistance. The reason I have less resistance to selling than buying is that I started this account with a very low cash reserve. Right now it only is 15% of the total portf. value. That's still too low for this volatile stock, so I'm letting it sell more easily than normal. Once I get back to above 30% cash reserve, I'll think about being a bit more 'greedy'! I have an indicated pretax gain of 51% on the account presently, after starting the account just one year ago. I'm pleased with that. Discounted price and reasonably good fundamentals first attracted me to IDTI. It also looked like they were good for a double in sales, book value and earnings within 3-5 years, so it fit my basic requirements. The high BETA and lousy price stability confirmed that AIM/Newport's risk management should be able to make some money along the way, so I bought in the week of 8/12/96. So far so good! Hope this helps. Best regards, Tom

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