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


To: Stu E. who wrote (6981)2/24/1998 2:37:00 PM
From: country boy  Read Replies (2) | Respond to of 11555
 
Stu:

With only the crudest, backyard TA, I see lots of support in the 14 3/4 area as well as near 13. She'd really have to come unglued to test 12 1/2.

country boy



To: Stu E. who wrote (6981)2/24/1998 4:29:00 PM
From: Rob S.  Read Replies (1) | Respond to of 11555
 
Anything can happen, but I would be surprised to see IDTI trading down to 12 1/2. As long as the product ramp continues, regardless of all but the most bearish general market conditions, IDTI will be on a long-term move up. That concensus should draw more investors, including renewed interest from the institutions, into the stock should the price drop more than a couple of points bellow the 12 month targets. That would certainly trigger me into buying heavily.

My guess is that a support level will assert itself at around 13 1/2, give or take a half.