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

To: Bald Man from Mars who wrote (6849)	2/19/1998 10:15:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 11555

It's fun to watch the extremes of sentiment . . . reminds me of the slogan used in the Olympics - "from the joy of victory to the agony of defeat . . . " or the other way around. Somewhere in between the two extremes is what the market will determine as fair value and that will be based on the fundamental performance. The trend is your friend and that trend is for improving fundamentals and more good news and revisions of the sales and earnings forecasts. Still it makes sense to realize that momentum can go too far to one extreme or the other and to profit from it rather than get too caught up in the movement. A few people on the thread have taken some profits on the way up. Others may wait for the stock to move up further or just ride the longer term trend. Either strategy makes sense depending on your objectives. "It's never a bad day to take profits" and "gained a penny, lost a fortune" are both appropriate sentiments. For those who are taking some money off the table, I would advise being quick to get back in on an upward revision in the outlook or other good news. For some of you who want to hold the stock long-term, it may be worthwhile considering selling out of the money calls when the upward momentum appears to have peaked.