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To: Trader X who wrote (12433)2/27/1998 2:17:00 PM
From: Andrew Vance  Respond to of 17305
 
*AV*--No argument from me on IDTI. Liked it then and Like it now even though I would have liked to see more shares in my pocket at lower prices. Downside I see 13 or slightly below but I agree with your upside and maybe your timing.

IDTI is an interesting play in that you could put in on autopilot.
For the investor (vs. active trader) I almost believe that you could buy at today's price and put a GTC order in at, say $25. Somewhere over the course of the next 12 months, you will be sold out of your position for a 66% gain. This is extremely conservative since I think we can go higher but it is an important point to illustrate.

When good solid companies are understood or misunderstood, when the technical fundamentals are there, and when solid TA supports it, one should have enough confidence to take a stand and wait for the goal you set. I am glad Kevin thinks the TA indicated the time is right. Even if it turns out to be off, it doesn't matter because it will payoff in a reasonable amount of time.

Comprehension and TA are great but the stocks move in rotation and with herd mentality. The real corker is to be there when the herd recognizes the TA or fundamentals and react to it positively.

No soapbox intended but when we discuss quality companies with quality TA and quality information, it almost always pays off for us. the batting average of success is fantastic. When we get into the esailiy manipulated stocks, spam stocks, pennystocks, hype stocks, scam stocks, low float or low trading volume stocks, we increase our risk and uncertainties.

Andrew



To: Trader X who wrote (12433)3/2/1998 5:41:00 AM
From: johnny boy  Respond to of 17305
 
Kevin,

Nice chart. From a laymans view it looks good because the
volume has been high when rising and low when it dropped.
Is this what you mean by support. At this rate, some type
of news or by quarter's end increased sales and earnings
would surely do it, wouldn't you think??

JB