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Technology Stocks : International Rectifier (IRF) -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (1603)	6/28/2002 1:35:57 AM
From: Morris Catt	Read Replies (1) \| Respond to of 1712

>>>I have never seen a stock go from its 52 week high to its 52 week low in two days......and we are talking about a 50% move on, what, one analyst downgrade which was not very tough or specific.<<<< You've got your high/lows a bit fouled up! Irf 52 week high was on 5/5/02 @ $50.50 and low was $24.05 on 10/3/01. IMO, one or more large holders started selling and if leaking of the BofA report news was the cause or was the BofA report the result of early news of major selling nobody knows yet. I tend to think at this point that there is no other shoe to drop. IRF has heldup better than most semi stocks until a few days ago. IMO the street simply doesn't understand the power semi business and IRF likely finally got whacked pretty good. It is true that some of IRF's major customers are having tough times and maybe IRF was due for a correction. IMO the correction was overdone but may not be over yet. As soon as the Bollinger bands start to contract, the OBV starts back up and the MACD heads toward zero I expect to be back. The big question is what guidance will IRF give when Qtr4 earnings are announced on 7/25. My guess is it will be OK - they are a pretty conservative crew IMO.