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 (9496)	9/1/1998 12:20:00 AM
From: Rob S.	Read Replies (3) of 11555

I think we have had enough damage now to cause some true panic selling - that's what we saw at the close today. If the casual investor who has ridden things out so far now pulls out, then the market can plunge down another 20%-30% without anything to stop it. I think we will see a technical rebound by the end of this week. Maybe starting as early as tomorrow but maybe not until after a difficult morning. There are some real structural and institutional problems in the world's economy but none of them are worth throwing the baby out with the bath water - the "irrational exuberance" just needs to be wrung out of the market and some greater rationality and cooperation needs to be put into international monetary market mechanisms. I predict bright times ahead - but probably not until after more rough going this September.

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