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

To: David Tesorero who wrote (6924)	2/21/1998 4:39:00 PM
From: country boy	Respond to of 11555

Dave: <<>> I understand your devoted long term position, and you may well be right (I hope you are). My trading this stock, however, is not a bearish sign; just my own technique on trying to make a few bucks. I've been playing with this puppy since 95 and it, along with ADBE, have been very good to me by trading (as K pointed out I was given up for dead with RDRT and the DD sector in the fall, and it was IDTI that pulled me from the grave so I could play again!!!) Just like you, I've seen IDT head-fake many upward moves, and I'm sorry, but I'm gun shy on buy and hold positions with this one. That's why I prefer to play it by very short term trading; that is, not waiting for the big pullbacks to get in, riding it up till it stalls, getting out, then buy back on a 5% pullback---and above all, not riding it down! Indeed, your strategy would have netted me more had I not first sold at 13 1/2 from buying below 10. But I've traded several times since all for good gains. And if you end up being wrong, I don't loose----I just don't gain as much as you if you're right---and that's OK with me----I wish all you longs huge returns. I plan on being with you guys all the way to 30. My best personal technique is to trade a stock that is in a volatile but longterm up trend. country boy