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: AJBurl who wrote (6242)	2/2/1998 1:28:00 AM
From: Rob S.	Read Replies (3) of 11555

Well, a lot of people were long on IDTI for the past couple of years. During each previous rally several people expressed the believe that IDTI would soon move much higher. I seldom questioned their "credibility" for holding those opinions, in fact, I was often among them. Now that I have an opinion that IDTI has moved up too far, too fast and has a lot of overhead that has been built up over the past several months, and is approaching near the 12 month targets of several analysts, its suggested that I am somehow not credible? Rome wasn't built in a day and I don't think that IDTI's fortunes will be either. There is still a fair amount of risk that beating current sales and earnings estimates will not happen or that Intel will come down with a time consuming and expensive lawsuit or the entire market will turn bearish. when I wiegh all these factors at this point in time, I think IDTI is likely to go through a consolidation phase awaiting further visibility on how well the challenges are being met. I look forward to IDTI being one of the best stocks to invest in over the next year and next 2-3 years. That doesn't change my opinion that the stock has limits on how much and how quickly it is likely move in the short term. I think it is a good time to take some profits on further movement up or start selling out-of-the money calls against your position. It's just my guess that we will see a short-term high within the next week. My time perspective is just the next few weeks or until some news comes out that changes the outlook for sales and earnings. For mid to long term investors, I suggest staying long or modestly adding to positions. Maybe I should quit posting my opinions unless they are strongly bullish and agree exactly with everyone else's. Better get my blinders on.

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