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: Samuel R Orr who wrote (8889)	6/16/1998 9:52:00 AM
From: OldAIMGuy	Read Replies (1) of 11555

Hi SRO, My favorite book on the subject of speculative bubbles is David Dreman's "Psychology and the Stock Market" (1977) execpc.com - book review I, too, have been in amazement at the price support of Lucent and other stocks. It's like the late '60s when there were just a handfull of stocks that every mutual fund and institution had to own. It didn't matter if the price was absurd relative to most valuation measures. If you think the P/E is bad at Lucent, check out the Price/Book Value! Right now I'm willing to bet a Big Mac that IDTI will double its sales and book value before Lucent will. Any takers? Will price follow that growth? Most likely. Best regards, Tom

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