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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (6430)	3/23/1999 9:45:00 PM
From: Broken_Clock	Respond to of 78487

I think it's a smart move Paul...although why you are holding some of the others in this market, I'm not sure. It looks like all the signs are pointing down now. -g- PEI had a very revealing analysis of the DOW last week...the DOW in terms of the YEN. In yen the bull is already topped out and PEI is calling for a downturn around April 8th. They called the July 20 top last year to the day. I don't follow all of Armstrong's moves in the market but he was dead on in calling both the July 20 top and the subsequent rebound to where we are now. FWIW, he says it's basically down from April 8 till late Dec.

To: Paul Senior who wrote (6430)	3/23/1999 11:40:00 PM
From: Madharry	Read Replies (1) \| Respond to of 78487

Paul, I wonder why you are reducing your position in IDTC. I know it has run up some, but I think this is still a company who might be a little like vvtv? It may be evolving from a value play to an internet play except that this these are guys who have demonstrated ability to find a niche and make money off it in the past unlike most internet companies which have only shown an ability to sell stock. I sense a growing internet presence plus all sorts of tie-ins plus the global telephony business- I believe that this company could double or better in a couple of years and the downside risk i think is around 25%. I increased my position at 16.25 and sold some UBB to do it.