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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: William B. Kohn who wrote (4842)11/20/1997 7:05:00 PM
From: Marc Phelan  Read Replies (2) of 11555
 
William,

Nice to hear from you!
Thanks for the kudos.....I hope they are warranted.

Regarding IDTI please note that I said I would look for a reentry point. All is not loss but I feel we will see lower numbers before higher ones. Todays volume came in as the stock tried to move above 11 1/8. Huge blocks started pouring in knocking the price down. I fear that when the market corrects a bit this one will get hit. I suspect a test of the recent low is in order and that is where I will be looking to jump back in.

Long term fundamentals remain interesting.

The best,

Marc
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