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


To: Daveyk who wrote (10506)9/9/1999 6:49:00 AM
From: Robert J  Read Replies (1) | Respond to of 11555
 
Hi All,

We mentioned IDTI as a "Second Chance" stock last night. If you don't own it maybe it's worth a look for a trade.

Bob

stocknewsletter.com




To: Daveyk who wrote (10506)9/9/1999 8:03:00 PM
From: David Bogdanoff  Read Replies (2) | Respond to of 11555
 
DK;
I checked the site and saw more sell interest than buy, and almost all trading activity was institutional. Nonetheless, the stock moved up.
This apparent anomoly is not so unusual and can continue for days or weeks in some stocks. In fact, each day on Bloomberg such divergence between instituional "moneyflow" and stock movement is report for the stocks exhibiting the divergence most strongly, for both upward moving and downward moving stocks. A stock that is moving upward whilst undergoing institutional selling, as indicated by moneyflow, is considered a "sell on strength" candidate. Caution: this is an unproven techical technique as far as I'm concerned, and may not apply at all to IDTI as such trends continue for weeks before becoming significant. Nonetheless interesting to look at.

David