IDTI - Dark Horse For '96 ? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IDTI - Dark Horse For '96 ?

IDTI 48.99

0.0%

Mar 29 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Mr.Creosote	3/5/1996 6:22:00 PM
	of 1139

I started loading up today at $11 (1000 shares to be exact). Good advice. Would like to get some more when and if it gets closer to the book value and the near term support level at $9 (book around $6). I have been looking at this one, LSI and MCHP for a good entry point and I think this one here is pretty good. The lower it goes from here the less the risk. Talked to their investor relations guy and he sees the SRAM market changing over the next couple of years with alot of the suppliers vanishing or merging as a result of the price pressures on this market. They sure don't look like they are going away soon. He also said that their SRAM pie is now less than 50% of revenues but few people seem to understand the implications of this. I jumped in today, just couldn't hold out waiting for $9. A stock like this is unlikely to go far in the near term given all the recent downgrades and negative sentiment but as the downgrades get old and the company continues to remain profitable increasing their book value (Zacks has them at around $1.50 for both 96 and 97) the current support level at $9 will become their new book value in 97. Sounds good to me.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next