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

To: marvin litman who wrote (858)	11/3/1997 10:33:00 AM
From: DanZ	Read Replies (1) \| Respond to of 1712

Hi gang, I previously posted that I would begin to phase into IRF between 13 and 14 and we did that for our Z portfolio. I didn't take a personal position in IRF because my money is tied up elsewhere at the moment. But we did buy 1500 shares at 14 and 1500 shares at 13 1/8 for the Z portfolio. My target is 15 1/4 to 15 3/4. It is likely that the daily chart will need a lot of work before IRF moves much higher. The money flow has been down 19 out of the past 20 trading sessions although the stock appears to be basing at 13. Look for resistance near 15 1/2 and support between 13 and 14. I think this will be a trading range stock for a while and wouldn't tie up money in it for too long. It looks like a safe stock to trade though because I don't see it breaking down significantly. Dan