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

To: David Tesorero who wrote (9681)	10/4/1998 1:41:00 PM
From: Hippieslayer	Respond to of 11555

Is the “greatest economy in 50 years” now going to become the “worse global economy since the great depression?” Maybe the government needs to bring in the management of IDTI to correct the situation! Then surely we will be back in the saddle of prosperity!

To: David Tesorero who wrote (9681)	10/5/1998 9:38:00 AM
From: country boy	Read Replies (1) \| Respond to of 11555

David and all old-time IDTI'ers: I haven't been posting through this big downturn, but I have been keeping up with IDTI and I'm puzzled by its very strong showing last week (up 10% +) with huge drops in the averages. Support kicks in around 5 1/4 with very strong support now at 5. I got the stock on a pullback last week at 5 1/16 & 1/8 and unloaded at 5/8. I wouldn't short here, but will buy back again near 5 if we get it, to sell before earnings. Any thoughts? CB

To: David Tesorero who wrote (9681)	10/5/1998 9:45:00 AM
From: Samuel R Orr	Respond to of 11555

David, I don't get the Post, but am able to bring the NY Times and WSJ up on this screen. Yes, the incredible optimism is slowly being beaten out of the market, but last Friday's 152 point surge on the DOW indicates lots of it is still left. I was going to reply seriously, but read Fugazi's subsequent post and it brought me back to earth. With everyone getting bearish, the contrarian take is things are finally looking up. The global G-7 meeting probably won't really fix anything. The Germans are concerned about keeping inflation down, have traditionally opted for a hard currency(and the higher interest rates that cause it), and don't really want to lower their interest rate. Japan wants the world to lower interest rates, and Big Al Greenspan has come to that view. The Japanese don't want to undergo the societal pain associated with closing insolvent banks, tend to work as a nation by consensus, and can't get it with their present political establishment. It seems to me nations of the G-7, including to a great degree our own, will do what is in their own self-interest. Obviously, the former Axis allies, the Germans and Japanese, are at odds. Their other former ally, the Italians, almost are a don't care today, though they are part of the G-7. What is most amusing to me is that few people reading my post will even know what the Axis was, since they don't date back to WWII. To try to answer your question specifically, I'd carefully watch what happens in Brazil. If that country is forced to devalue, which likely will take Mexico and much of South America with it, the United States is also in for a go. I'd mostly clear out if that happens. In my opinion, for a long period even the U.S. isn't capable of receiving the world's supply of cheap exports without exporting much itself except our services. The flak over Clinton adds to the instability. We'll see what the market does in ten minutes or so, but the Nikkei is at a twelve year low. I simply cannot outguess our market, since it seems to me to operate irrationally, and my background as a scientist and engineer binds me to think rationally(within my unconscious biases and preconceptions). Just watch Brazil as a trigger point, and remember DELL is still up something like 50% for the year. That's not bad, my friend, and you had the sense to forsee it. Fugazi's idea of putting Lenny Perham and his IDTI hordes in charge of the country will at least slow things down a few hundred MHz. Look up my homepage sometime on Alta Vista under Sam Orr. I have dozens of essays on all kinds of useless topics, including the Asian economic crisis when no-one bothered with it. You're right to watch things carefully, but icebergs melt slowly. America right now is a very large berg headed into warm southern waters. It will be some time before that berg fits nicely into a glass of gin and tonic. Regards, Sam