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Technology Stocks : IDTI - an IC Play on Growth Markets -- Ignore unavailable to you. Want to Upgrade?


To: Danny Chan who wrote (10438)8/6/1999 8:42:00 PM
From: Danny Chan  Read Replies (1) | Respond to of 11555
 
IDTI may be the most value out there in the semi group. Now they have dropped out the processor and refocused on communication, the earning growth potential is there. If I recall correctly, it is still one of the top 5 communication chip supplier. If anyone still wondering about this stock, read the SSB's report on IDTI.

smithbarneyresearch.com



To: Danny Chan who wrote (10438)8/7/1999 1:00:00 PM
From: country boy  Read Replies (2) | Respond to of 11555
 
Danny and others:

Hard for me to believe sector strength alone ran this baby up on Fri. Waaay too much volume for that; by my count, the fifth best volume day in the last 3 YEARS---and on no news? There seems to be a bit more to the story, and funny how just the day before it ran down to test 12 support.

As for breaking through, we're not there yet. There is very strong mult-year resistance at 15-16 that won't punch through the first or second time, IMO. And we'll need lots of volume, but given Friday's action, that may be no problem.

I've traded IDT a few times last week and was lucky enough to get back in at 12; however, I sold half of that on a program sell at 14. It does look good to test 15, but I'll sell the rest there possibly.

good luck
cb