Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Taut Knot who wrote (11337)	2/21/2002 11:41:02 PM
From: Return to Sender	Read Replies (1) \| Respond to of 11555

I think that INTC and the SOX are extremely important as to where IDTI trades. The stock will not go up now just on its own merits which fundamentally are strong. I ran three charts on IDTI tonight and personally I would love to get back in below 25. I believe this weekly chart confirms your narrowing triangle: stockcharts.com[h,a]waclyyay[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14]&pref=G I won't pretend to be a technical analysis expert. I pay most of my attention to only two indicators and previous support levels. RtS

To: Taut Knot who wrote (11337)	2/24/2002 3:02:43 PM
From: Rob S.	Read Replies (1) \| Respond to of 11555

IDTI and maybe the entire semi sector is heading into a narrowing range. While the grass roots economy is recovering there is little hope that a robust recovery will occur in many of the darling tech sectors, particularly the communications related sectors. While this should not come as a surprise to investors I think the reality of a slow, lackluster recovery in which volumes increase modestly but pricing remains under pressure for a protracted period will continue to dampen the enthusiasm of the ardent tech stock investor crowd. It took years for the market and spending habits of corporations to get so over ridiculously extended and the problems will take longer than expected to rebound imo. We are due for some sectors to see a short-term positive inventory adjustment pick up in business but underlying growth will not return to near bubblemania levels anytime in the next few years. What this means for investors in tech stocks is probably a continuation of the short spurts up followed by moves down, sometimes within a single day or a few days within a general trading range as a battle plays out between pavlovian dogs trained to salivate at the prospects for huge rewards in tech stocks seen in the euphoria prior to the downturn and the huge over-hang that will precipitate selling as stocks try to rally through resistance levels .