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Technology Stocks : Interdigital Communication(IDCC) -- Ignore unavailable to you. Want to Upgrade?


To: Techplayer who wrote (3278)1/12/2000 10:38:00 AM
From: Jorj X Mckie  Read Replies (3) | Respond to of 5195
 
Hi Brian,
On the 2pt P&F chart, the bullish support line is at $28. It was suggested that the cover point for the shorts was at $31, but perhaps with the weakness in the market today, it got a little extra shove to the downside.

I started buying yesterday at $37 and then at $35 (don't remember the exact entry points) and then doubled that position at 29 1/2 this morning. So yes, I think that we are at support right now.

Overall, the market looks healthy from a P&F perspective and I am buying rather than selling.
JXM