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


To: Dale Knipschield who wrote (8086)4/28/1998 11:41:00 PM
From: neverenough  Read Replies (3) | Respond to of 11555
 
Once again F_CKED by IDTI!



Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND
Chart pattern indicates a WEAK DOWNWARD TREND
Relative Strength is BEARISH
Up/Down volume pattern indicates that the stock is under DISTRIBUTION
The 50 day MOVING AVERAGE is falling which is BEARISH
The 200 day MOVING AVERAGE is rising which is BULLISH
Stochastics indicate stock is OVERSOLD




To: Dale Knipschield who wrote (8086)4/29/1998 7:28:00 AM
From: OldAIMGuy  Respond to of 11555
 
Hi DK,
Actually the chart, in my view, looks like a chance to buy into weakness. Since that's my general M.O., that's usually something I'm very pleased to see.

I'd say the rapid breakdown in the price is mostly speculators leaving the stock for fear of a poor general market condition, near term. My core position is still in place and profitable at this price. I'll be adding "trading shares" to the account if the price declines to the mid $11s. At that price, I'll be repurchasing shares at about a 27% discount from where I last sold some of the trading shares.

Buy Low, Sell High still works!

Best regards,
Tom