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

To: Rob S. who wrote (4739)	11/12/1997 10:26:00 AM
From: Chi Pan	Read Replies (1) \| Respond to of 11555

Oops, very very long IDTI a little bit too early last week. :-((((( Now is about the right time.

To: Rob S. who wrote (4739)	11/12/1997 1:27:00 PM
From: 5,17,37,5,101,...	Read Replies (1) \| Respond to of 11555

Rob, your cynicism is completely warranted -- in the cases of managers and politicians. Shareholders have no real access to the information pertinent to making valuation decisions; we can only guess. Insiders have all of this information. My own studies have shown that insiders rarely lose after they place their bets. I follow over 150 companies in which there has been significant insider purchasing, and in only a handful of the cases are the shares significantly lower. Ivax is a case where the stock has dropped dramatically from insider buy points. But in most cases -- you are right -- and IDT is no different -- the managers and directors keep most of the goodies for themselves. Greenspan may indeed help out. I assign the Fed lowering rates a 50% probability. Jackson