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 (6173)	1/30/1998 7:55:00 AM
From: AJBurl	Read Replies (1) of 11555

I agree with you that the upside resistance is a mute in this issue. I have been trading it aggresively for six years and I have never seen such strong buying on every 1/8 or 1/4 dip as has been exhibited since earnings. We have a few forces at work. First, Montgomery Securities made positive comments about the stock after earnings and they have been buying the stock from 12 on up. They disappeared when the stock pierced 13 yesterday for the first few hours, yet when the stock went up to 13 1/4 i the late morning. They appeared on the bid. Second, soundview has also been buying the stock and they have always been right in IDTI. Third, it is my opinion that when all the houses get together and decided to buy an issue, it begins to confuse fundamentals and the stock just goes straight up. MU for example. I believe if IDTI made a good presentation at the Montgomery conference yesterday after the close, we could see some great upside today.

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