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


To: Daveyk who wrote (10451)8/10/1999 5:06:00 PM
From: country boy  Read Replies (2) | Respond to of 11555
 
Dave:

I was a bit premature (obviously) in selling at 15 yesterday. I bought back today at 14 3/4 (had a shot at 5/8 but hesitated too long). I didn't sell at the close like I normally do on such a run, having been premature at 14 and 15, though I may wish I had tomorrow :)?

I saw some big blocks go by the ticker this afternoon that I assume are buys as the last move from 15 to 16 was fast, decisive and on high volume. Given past history (last 3 years), I feel like I'm squeezing a turnip to get more out of this and 16 seems like a definite short term sell; yet I don't recall such a run on such high volume and clearly institutions are buying. And you can't go against that grain.

Given that I won't be able to watch the computer in the am, I've got a sell stop at 15 3/4 and will take the point if needed. You may be right about hitting 16 1/2. Guess we'll all make a bit either way and in this shaky market, that's fantastic. Possibly by Oct. IDTI will be over 20 and we'll all wish we could have a shot at 16 again---or not.

OT:
I've been trying to bounce with the internets a bit---the barrel over Niagra metaphore might apply here. Got AMZN at 82 1/2.

Best,
cb