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Strategies & Market Trends : Value Investing

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To: Bill Zeman who wrote (5961)2/7/1999 1:55:00 PM
From: Don Earl  Read Replies (1) of 78462
 
Hi Bill,

Re IDTC

I agree there are a lot of things that look attractive, but I wouldn't touch that chart with a long stick. Stochastics are at close to 100%, the trend lines are all down, and the recent volume down with the increase in price is bad news. Any short term play would be like trying to catch a falling knife. Nothing encouraging in the form 4s and 144s either. The increased short interest in January might favor a squeeze though. If it doesn't break out in the next day or two, I'd look for a retest of recent lows.

Regards,

Don

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