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Technology Stocks : IDTI - an IC Play on Growth Markets
IDTI 48.990.0%Mar 29 5:00 PM EST
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To: Stu E. who wrote (6981)2/24/1998 4:29:00 PM
From: Rob S.  Read Replies (1) of 11555
 
Anything can happen, but I would be surprised to see IDTI trading down to 12 1/2. As long as the product ramp continues, regardless of all but the most bearish general market conditions, IDTI will be on a long-term move up. That concensus should draw more investors, including renewed interest from the institutions, into the stock should the price drop more than a couple of points bellow the 12 month targets. That would certainly trigger me into buying heavily.

My guess is that a support level will assert itself at around 13 1/2, give or take a half.
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