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: flickerful who wrote (5602)	1/10/1998 9:18:00 AM
From: OldAIMGuy	Read Replies (2) of 11555

(Off IDTI Topic) Hi Randy, With a quick flicker, the VTSS candle dropped several lumins in brightness during the early part of the winter. We had managed a high in the low end of the $50 range and now the stock is working between $35 and $40. If the S___ and the fan were to get together for a meeting, I'd guess that the stock would bottom between $20 and $25 and I've projected my cash reserves would last that long for buying as well. Recently, I've made three buy-backs in the stock recently with the latest one being at $35. I'm not at my office to check, but I'd guess my next buy price is about $32 to add about 8% more shares to my portfolio. Long term, I think VTSS will continue to be a great performer. Their market is well defined and growing. No new technology seems to have yet developed to challange GaAs for its best properties. I've owned the stock since it was at $3.50 a share in '94 (split adjusted) and intend to keep it for probably 5 more years. I don't do TA other that seat of the pants, but it looks like there's been pretty good support here near $35 (some of it provided by me!). There's lots of folks that trade it short term, but this one can leave way too much money on the table traded that way, IMO. Best regards, Tom

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