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

To: 5,17,37,5,101,... who wrote (8153)	5/2/1998 12:07:00 AM
From: Rob S.	Respond to of 11555

I've found that its a good practice to glance in on threads of hot or bombed stocks from time to time just to get a feel for how investors react. Many times when the stock is at precipitous levels there are few who doubt that it will just keep reaching father and farther into the stratosphere. And the reverse is true for good companies that have hit upon momentary pits. The amount they despair when the stock is down is often the antithesis of how much they thought the company walked on water when it was up. "Oh those bums, they are all out to scrxw us and are bumbling idiots". When the despair has finally gotten to the point that just about the last person has thrown in the towel, its time to take a look. I think the overall market still has upward and topping craziness to go before it heads down solidly to a 10%-15% correction. We are just about to the point where the analysts and smart money are shaking their heads in wonder and saying "isn't this nuts, people are bidding things up like it was 1987". The charlatans brokers are pumping near worthless or greatly over-hyped internet and other glory stocks like tomorrow will be guilded with silver and gold and neither fundamentals nor competition can get in the way. We live in interesting times.