International Rectifier (IRF) Message Board

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Technology Stocks : International Rectifier (IRF)

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To: AL Benz who wrote (847)	10/16/1997 9:11:00 PM
From: DanZ	of 1712

Hey gang, Damn I hate to see this kind of thing happen to my good buddies. The daily chart continues to break down and the next support level is on the weekly chart near 13. The good news is that the weekly support is rising and the daily chart is becomming very oversold, setting up what I think is a great buying opportunity soon. I would start to phase into the stock at 14 and buy more if it trades to 13 1/4. If it gets through 12 3/4, then it is likely that more bad news is on the way and the stock could trade down to 11. But it's a low risk buy at this point because the stock is finally at a point where the upside potential is twice as great as the downside risk. Good luck everybody. I sincerely hope that it turns around for you soon. Dan

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