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 (6657)	2/14/1998 2:18:00 PM
From: Rob S.	Read Replies (1) of 11555

Nice chart. You can see when IDTI approached the 13 1/2 level and I cautioned that it might be due for a retracement. My concern was that the retracement would be similar to the previous ones from July through Oct. - back to about 12 1/2. It was a point where it was temporarily "over-extended". It did pull back for a short while, which would have been an excellent time to get in deeper. I never said at the time that I expected it to tank or to pull back further than 12. I was not exactly right, but show me someone who can predict the future price movement with accuracy and he I'll be happy to follow his every dictate exactly. Then we'd all get rich. IDTI has moved past the resistance at 13-14 and, as we've seen, has been knocking on the door to new highs on heafty volume. That's a bullish sign.

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