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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: Gordon Quickstad who wrote (8005)4/24/1998 1:12:00 AM
From: Rob S.  Read Replies (2) of 11555
 
Risk v. reward and greed is what drives the market and right now the glow is off the bloom for IDTI. I think IDTI will move lower and won't likely make a major move up for a few months. Now is not the time to be gallant and overly long-sighted but to either take some profits or hedge your bets with puts or selling of some calls or something. Intel has come out with very aggressive pricing on their low-end chips. AMD and Cyrix have both announced, (see recent CRN articles), that they plan to no longer follow Intel's lead but plan to chart their own course in products and pricing - driving the low end down toward sub $800 and sub $600 PCs. Whether the reality turns out to be all that bad or not may not mean much because once the fear sets in, the analysts and institutional investors will be run like turkeys with their heads cut off. That panic was already clearly on the minds of analysts in yesterday's CC and was followed through today with heavy block selling ahead of any earnings forecast revisions. I don't like posting something negative about IDTI, the future looks great and the company is on the right path for success. But logic doesn't always rule the short-term direction a stock will take. So either lock the shares in the drawer and hold on for the long-term ride or cover yourself.
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