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: Michael D. Christian who wrote (7963)	4/22/1998 9:59:00 PM
From: Rob S.	Read Replies (2) of 11555

I don't expect a large drop in IDTI. It may even go up due to the fact that "a known evil is better than a suspected one". Things aren't that bad but may be shy of investor's expectations - forcing the price down a bit. Also, analysts are likely to revise their estimates downward for the immediate quarters. That may cause some institutions to sell some of their positions. I'd guess 13 as a floor and that we could see 11 this summer. I think we will see a minor correction in the market in the next two weeks - just my wild assed guess. I see signs of topping, such as upside blow-off in speculative stocks and irrational reaction to news that indicates an irrational climax. I think the bull market is still very much intact but may need a breather soon. The summer may be trouble for tech stocks due to the cumulative effects of price declines and seasonal market weakness.

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