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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: Medisco who wrote (8948)6/19/1998 8:27:00 PM
From: 5,17,37,5,101,...  Read Replies (1) of 11555
 
Thanks, Medisco. I know you're very optimistic concerning IDTI as I am. We might get a bounce here to $8.50. We might see more insider purchases. I'd like to see a repurchase plan to give IDTI more visibility. Those repurchase plans draw an enormous amount of attention from investors. Many investors buy shares automatically on the announcement. All repurchase plans aren't created equal though. I've seen repurchase plans announced at the same time that insiders were dumping shares, and the shares languished. But when the plan is to repurchase a large percentage of outstanding shares, like 10% or so AND insiders are buying, generally one can expect dramatic share appreciation within six months.

Jackson
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