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: Investor A who wrote (8216)	5/5/1998 10:43:00 PM
From: gary d.	Read Replies (1) of 11555

Pulled up a 2 year chart on Yahoo and found the 10 to 15 trading range to be very interesting. During the past 2 years could have bought and sold 4 times. Following this strategy would have you in and out of the stock for only a few months at a time. (price below 10 for about 6 months during that time) Congratulations to all who have managed to do this. You are much braver than I. Much richer at this point too, I might add. I'm still looking for a bottom and believe it will be lower than 10 1/2. The reason I hold this opinion is 3-fold. (l) earnings are not strong (2) the stock has low relative strength (3) no strong area of price support until around 10 and lower. According to the information we have on the thread, there is no reason the stock's price will escalate in the near term. But a few of you have mentioned the high volume of late. I always thought down prices on heavy volume should be regarded as bad omen. Does anyone have a read on this effect? Regards Gary

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