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


To: rairden who wrote (10818)8/9/2000 5:55:08 AM
From: JDN  Read Replies (1) | Respond to of 11555
 
Dear rairden: I presume you have an account with them. Why not call them up and ask if they still feel the same. A lot of analysts have come down heavy on the Semi field lately. Personally, I am not convinced they are correct, I think this "cycle" may have a very long ways to go. JDN



To: rairden who wrote (10818)8/12/2000 7:30:13 PM
From: Rob S.  Read Replies (1) | Respond to of 11555
 
IDTI has one of the strongest technical charts among the semi and tech stocks. It shows very good relative strength and accumulation indicators. One word of caution is that it can be expected to meet with resistance as it approaches previous highs. This may prove to be more of a problem if sluggish market conditions persist. I would avoid buying higher than 65 and wait for it to break out above the previous high on better than average volume. If you are considering taking profits, there is a fair chance that the stock will soon see the low 70's - take profits then and buy back on a break out above 74.