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

To: Charlie Tuna who wrote (7499)	3/22/1998 9:35:00 PM
From: Edward Leinbach	Read Replies (2) \| Respond to of 11555

I don't think IDTI will trade below 10 ever again. Reason we saw 9 last Nov is that the Nasdaq was in panic , year end tax loss selling. Also the prospects of C6 & Clear Logic were too obscure & far off to keep the market from dumping on IDTI. Obviously that price at 9 was indeed a buying op. IBM news did not pump the stock up ( or just a temporary news spike) since it is related to the C6+ & the actual details are not even available. It would be nice of IDTI to combine with the IBM anouncement a story that the C6+ is out & hot & ready to move into mass production. Then the stock might have taken off to higher climbs. Does anyone have a guess at what sort of number IDTI will come out with on April 22 . This should be a very important quarter to show the street what sort of progress is being made with all their new products. I assume IDTI has very little business tied to Korea , Japan , & SE asia. ( ??? ) PS . I have a new desk out on the back patio , so now I can watch & research the market in the cool morning & evening hours outside. Man what a country , the net is hot , ( no porno , thank you ) , the beer is cold , & life is grand . Anyone got a hot new stock to follow ?

To: Charlie Tuna who wrote (7499)	3/23/1998 11:46:00 AM
From: Rob S.	Respond to of 11555

I think we are at or pretty close to the point for a market pull-back. We are still in a long-term bull market and should stay that way as long as the fundamentals don't change. However, inflation has been discounted and people are sitting on lots of paper profits. So if the oil cartel thing or fears of inflation due to wage price increases or some combination of factors spooks things, then the market is likely to correct a bit. Trying to pin down a risk/reward relationship, my thinking is that the general market has about 33% chance of moving up by 5%+, a 20% chance of staying where it is, and about 47% chance of moving down 10%. However, the "trend is your friend" and the overall market trend is still up so I wouldn't call a top to the recent run-up just yet. I think we will see some market rotation - more money will flow into oil related stocks over the next few days and will pull out of some sectors that are effected - like airlines that have had nice runs. The semi stocks look weak from a TA of the sector and are probably due for some pull-back. Some of the equipment, distributors and service industry stocks had pulled back earlier and are looking more attractive. I think IDTI will continue to stay within a range for a while. The recent news of the deal with IBM and today's announcements of the new 1 M FIFO and MIPS design win have not created much interest. This is not a sign not to expect a rapid move up anytime soon. Most of the trading in the stock appears to be smaller orders. I continue to suspect that institutions bought in heavily after the recent upgrades and then stopped buying as IDTI approached the 12 month price targets. The good news is that they apparently haven't changed their opinions despite the news of product and price initiatives by Intel.