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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: Rob S. who wrote (5583)1/7/1998 2:27:00 PM
From: OldAIMGuy  Read Replies (2) of 11555
 
To be contrarian and optimistic, let's assume that this is a last ditch attempt by Lehman to get a chance at buying at good prices.

I have to admit, this was one of the shortest January Rallys that I've ever seen! Maybe too many people were expecting it, therefore it couldn't happen. For me, the best part is that there's plenty of pessimism around to keep speculation at bay for some time.

I've been watching the 13 week Treasury rate rise for several weeks as the LT bond rate fell. It's not an inverted yield curve yet, but it sure is flat! A short term credit crunch with LT rates falling will invert the curve and then the worry warts will be out in force.

It's been so long since we had a low risk market for investing that I've almost forgotten what one looks like! By my view, the last good low risk market started in Sept-Oct. of 1990. That's a long time ago!
(see graph at execpc.com ) I'd be happy to have the market continue upwards, but if it's time for a cleansing, well let's get busy and get it over with!!

In my opinion, IDTI has set the stage for what should be a few good years of business. It's ability to produce quantities of sophisticated chips in conjunction to their more "commodity" type products should give a good base for the future.

Best regards, Tom
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