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

To: Frank A. Ryder who wrote (6269)	2/2/1998 8:36:00 PM
From: country boy	Read Replies (2) \| Respond to of 11555

For IDTI Traders only: My 2 cents worth: I don't think the drop today was due to NSM news but due to plain old profit taking as Rob suggests. IDT held flat for a 1/2 hour or more while the rest of the market was roaring; that to me was a sell signal indicating it would not participate. Others seeing the same thing decided to take profits which pushed the $ down further. I sold on Friday, feeling it had run out of steam; also, whenever an analyst upgrades, I find it usually a good time to sell as most of the increase has taken place shortterm. Fundamentals are intact and this one may well continue to cycle with an overall uptrend. I'm now looking for a reentry point. Anyone else trading this stock? Ideas? I won't buy back over 12 1/2; hoping for 12 or even less. If we have a bad semi day, we could see it. country boy