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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 (8847)	6/11/1998 11:47:00 AM
From: Lockhart	Read Replies (1) \| Respond to of 11555

New 52 week low for IDTI and the SOX, but the Nasdaq isn't getting clobbered as hard as the DOW.. XLNX CEO makes positive comments re: nearing the bottom of the cycle, and NSM reports after the bell today. Lets pray for positive forward looking comments from NSM. I don't however, have a real good grip on how all of the above factors into future prospects for IDTI. Thoughts anyone?

To: 5,17,37,5,101,... who wrote (8847)	6/11/1998 12:17:00 PM
From: OldAIMGuy	Respond to of 11555

Hi Jackson, Quick grab the Dramamine! I was lucky enough to have one of my long term holdings get a huge offer on a buyout and liquidated a 7 year old position. That has my overall cash reserves back to decent levels. Couldn't have come at a better time. I'll be using some of that cash to supplement my IDTI purchases. At the $7 mark, IDTI could rapidly become one of my larger positions. All my semi's seem to be taking it on the chin. I'm trying to stick to my general rule of not buying more than once per week per stock, but the prices are very tempting. I have my own market risk indicator I lovingly call the IDIOT WAVE. It's been showing the market at High Risk since early in April. "Surf's Up" on the Idiot Wave!Well it peaked the week of May 18th and has actually been declining a bit in the last two weeks. Still in the High Risk area, but coming down. It measures speculation in two ways, investor sentiment and relative valuation. All are better than they were a few weeks ago. Investor sentiment has completely reversed from the beginning of May. As a short term indicator, this has been pretty good and now says we should have a brief rally sometime soon. Speculation is down to zilch, but hasn't gone to Low Risk yet. Last time it was Low Risk was around the first of the year. Over all, the IW hasn't been Low Risk since 1990. Most of the time it's in the Average Risk range. From the phone calls I've been getting from friends, I'd say we're well into the FEAR end of things. That's great! My motto is "Buy from the Scared, Sell to the Greedy!!" Best regards, Tom