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Strategies & Market Trends : Value Investing

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To: Don Earl who wrote (5992)	2/9/1999 12:20:00 AM
From: Bill Zeman	Read Replies (1) of 78465

Don Good point regarding IDTC: "Well....I normally don't look for an over bought condition as an entry point on a value play.<g>" IDTC has been heavily bought in the last two weeks, driving the stock up from 9 1/2 to 16 and change today. I suppose that with some technical systems, that might make it overbought. However, my common sense tells me that it is still at a low because it based between 14 and 17 for 6 weeks before it made a new low in it's drop to 9 1/2, and it popped back up to recent levels so quick and now has based between 14-17 again for a couple of weeks. I see the recent move from 9 1/2 to 16 as a correction of a ridiculously low price rather than over-buying. Besides it is still just slightly over 1.5 pb, (Yahoo). IDTC is moving up now! That's what the technicals say, right? If you guys wait too long to buy IDTC, it won't be a value stock anymore. But, I guess we don't want our value stocks to remain value stocks forever, now do we? Bill Z

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