Geez, still on this kick here. Regarding insiders selling, yes in a big way there has been insiders selling and it projects a very negative message to the street. There is no spin of this; IT'S BAD especially considering NO buying worth mentioning. To the average person on the street, "insiders are selling, no buying huh, or yeah let's load up on that one "

From the Standard & Poors report
Quantitative Evaluation:
Outlook(1 Lowest - 5 Highest)
1
Fair Value
15.10
Risk
High
Insider Activity
UnFavorable

{my add here} I sure there are some on this board that will say Standard & Poor, what do they know. For those, ya right. I would say a lot more than anybody on this board.

Regarding institutional increase. Gee the tech/com sector has just had a run and is up 100%. Them wacky fund managers, where most of the increase came from bought what, 5, mil shares between 114 of them during the biggest telecom run in history. Let's have a parade! It would be a lot more impressive if 3 of the top 4 didn't sell right after the Ericy issue was released either. Also it would hold a lot more value to me if they would be buying up to there max. Instead of most just buying a token amount. Bottom line if they believed as strongly as some on this board think, well there is only 56 mil shares to go around and between 114 ,they only wish to have 18 mil. Again that's a little misleading because 3 of the top 4 were selling. 26 new, 68 increased, 38 decreased and this right after the Ericy issue was put to rest and at the end of window dressing time. All I can say is PLEASE!


REF support for insiders. BTW look at the buys,

http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=IDCC&symbol=&symbol=&s....

REF support for Int holding

http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=IDCC&symbol=&symbol=&s....

BTW and just a FYI . The Dow theory, invented,written and applied by Charles Dow is for the markets as a whole. But as far as the charts, I'll be able to track the strength , vol and peak of whatever may come. And I will no doubt be trading heavily at that time. Should be fun.

Spree,

Will IDCC have a agreement AND payment release by Sept. I don't know.

Your right on the small caps. IDCC should do fine over time. Tele/com, well there still needs to be a reduction of players. But if your thought is 100% of the market, doesn't matter for IDCC if their in 5 or 50 different companies, as long as it's 100%

Speaking of small caps, Select Bio/tech's will be a good play over the next few years If you think having some I/P in cell phones is a good investment, what would you think the cure for some types of cancers is worth, or for that matter anti-cancer drugs, or preventative drugs ,that is before they get bought out by one of the main line drug suppliers. For those you look past the profits, or lack of ,R&D is high and scares some investors away, it's the results that you buy on.

Software will make a comeback too. Most of the business stuff is 3 or 4 years old, been a lot of improvement since that time which will create higher productivity and allow companies to reduce headcount. Wireless tech will be big for that as well.

Well, I guess by my counts the rally appears to be done, we'll see, it's been a strong rally. Nevertheless if it is or not is not the reason that I am writing this. And neither is IDCC which will be fine, just keep holding no worries there. The bigger picture is by EVERY measure we are coming out of our bear market. IF IF IF we are coming out of the rally now, it should provide, sometime this summer, the best buying opportunity in the markets for the foreseeable future, several years.

Make no mistake, the bear done died, period. This is not a guess. The new bull is a little excited right now and perhaps got a little ahead of itself, IMO, but no matter it is what it is. I'm of course talking in terms of months here not min. Classic Dow theory 101. Short term I still think the market has to correct and get itself balanced, but there are now several supports built in so it would be unlikely any major drop would sneak up on us. And I would also think it very unlikely that the markets would go much higher considering what's already built in and the current valuations.

There will be a new crowd of high flyers this time around. Pick wisely and become rich. Good luck

Jimlur ,good post, would like to add a couple thoughts however.

RE: Shorts and being helped by the insiders and the PR firm.

I guess my first thought is, who cares. Doesn't have any longterm impact.

RE: insider sales could be used as an indicator the stock is going higher.

IMO No way does it indicate that, regardless of direction the stock is going.

RE: I don't know about you or others but IMO the watershed affect may well be taking place and the 81 cent

IDCC was for the most part undriven today until the end when the NAS, Dow and S&P all when up . That's a lot of stocks combined that when up at the end. Also of note 1.9 mil,1.1 mil and 400k. A lot of vol coming down from 28, not a whole bunch on the counter move. IMO and this is only a guess but I think we have a new bunch of mo mo players who have this on the radar screen. I would also think the smart shorts who do short plays got out within the 1.9 and 1.1.

For me the watershed effect can occur at anytime here, but I won't be comfortable with any stock or the market till mid July if then. A lot of fund managerswho are under the mark,roughly 60% have made less than the bench mark indexes have alot of catching up to do and 2 weeks to do it in, going to love to see the window dressing this end of qt. But JMO

orientbull, Not seeing it. And the charts do not support your views.

But no matter It's all good.

Looks like Nok is setting the stage for Wed. They have done a good job of this for the last several qt. Almost Qcom like.

That's a pretty good post Mick. I agree it's a message board, post what you feel. Censorship of thought doesn't work in this country anyway. Never did.

There is no BOD controlling this board. It's a free board, anybody can post on it. As it should be.

OT Well Ron , don't really know what's all going on here. Can't read all the posts and would have to unhide to get the whole picture.

But no matter. WHATEVER THE PROBLEMS IS

it's WAY beyond investing. Which is bad

WAY beyond a differ of opinion. Which is bad

WAY beyond what's healthy for a person to focus on. Which is bad

Thanks god it's just a message board.

Hope you reconsider but I understand if you want to leave the BS behind you.

You got my E-mail address. Feel free . . . . . Anytime!

In fact I may beat you to the punch.

Take care

OT Bull,

It's a strange morning. I wake up read a few posts and find myself aligning with your thoughts. The only thing I would have added was the word "little" but it's such a small thing to correct that I'm just going to go with your thoughts.

Now I'll have to go down to the hardware store and then bake you a cake. Wonder if the Jail has metal detectors?

FYI Standard & Poors profile of IDCC.

Business Profile 29-MAY-03

In May, the company said first quarter results benefited from contributions from Ericsson, Sony Ericsson, NEC and Sharp. IDCC noted that although it expected to expand its licensing base in 2003, it anticipated that second quarter revenues would be generated primarily by royalties from the same licensees that contributed to first quarter results. The company added that 2003 revenues could benefit if issues with Nokia and Samsung were successfully resolved.

Operational Review 29-MAY-03

Revenues in the first quarter of 2003 increased 78%, year to year, reflecting $24.7 million of royalties associated with new patent license agreements with Ericsson and Sony Ericsson. Results benefited from well controlled operating expenses and $10.6 million of other income related to a litigation settlement with Ericsson. Net income advanced to $26.7 million ($0.45 a share, after preferred dividends), from $50,000 (nil).

Stock Performance 06-JUN-03


In the past 30 trading days, IDCC's shares have increased 24%, compared to a 10% rise in the S&P 500. Average trading volume for the past five days was 1,359,610 shares, compared with the 40-day moving average of 986,716 shares.


Key Stock Statistics


Dividend Rate/Share Nil
Shs. outstg. (M) 55.6
Avg. daily vol. (M) 1.274
Tang. Bk. Value/Share 1.74
Beta NA
Shareholders 1,851
Market cap. (B) $ 1.5
Inst. holdings 33%

Value of $10,000 invested 5 years ago:$ 46,672

Fiscal Year Ending Dec. 31

Revenue (Million $)
2003 2002 2001 2000 1999 1998
Q1 37.32 20.95 14.69 12.21 35.14 10.08
Q2 -- 25.15 14.95 11.63 12.35 46.44
Q3 -- 14.71 14.54 11.49 10.82 4.85
Q4 -- 27.09 8.38 15.85 12.36 37.85
Year -- 87.90 52.56 56.88 70.67 99.2
Earnings Per Share ($)
2003 2002 2001 2000 1999 1998
Q1 0.45 Nil -0.04 0.01 0.43 -0.04
Q2 -- 0.04 -0.05 -0.02 0.03 0.55
Q3 -- -0.11 -0.09 Nil 0.05 -0.13
Q4 -- 0.10 -0.18 0.03 0.02 0.36
Year -- 0.04 -0.36 -0.10 0.52 0.75



Dividend Data: No dividends have been paid on the common stock. A shareholder rights plan was adopted in 1996.

Business Summary 29-MAY-03

InterDigital Communications (IDCC) specializes in the architecture, design and delivery of digital wireless technology and product platforms and the invention of advanced wireless technologies. Its technologies and solutions are marketed primarily to wireless communications equipment producers and related suppliers. The company's goal is to deliver sustainable growth in enterprise value at rates higher than the average for the wireless sector. To achieve this, IDCC intends to combine its intellectual property licensing with products and services worldwide; implement its technology into a diversified array of advanced wireless products; focus on developing and promoting key industry standards; and expand its base of strategic relationships.

At the end of 2002, the company held approximately 240 U.S. and 520 foreign patents, related specifically to digital wireless radiotelephony technology, expiring at various times primarily ending in 2022.

IDCC's inventions and innovations serve the needs of manufacturers and operators that supply consumers with advanced communications services and devices that use wireless radio frequency-based systems (as opposed to wireline or fiber) to transmit voice and data. The company's intellectual property is licensed to third parties and integrated into its own product development. In 2002, IDCC generated revenues and cash flow through a combination of royalties from the licensing of its patent portfolio and the provision of strategic engineering services.

At December 31, 2002, the company had granted to 28 licensees a total of 31 licenses to use patents covering 2G and/or 3G standards. In 2002 and 2001, respectively, 94% and 50% of revenues were derived from licensees in Japan. Revenues in 2002 from IDCC's Japanese licensees, NEC Corp. and Sharp Corp., provided 35% and 30% of the total, respectively. Revenue from Denso Corp., a Japanese licensee, related to the discontinuation of its PDC and PHS businesses, constituted 11% of 2002 revenues. As of March 2003, IDCC was in discussions with companies on a worldwide basis regarding the licensing of its 2G (second generation voice-oriented digital wireless products, primarily mobile handsets that provide basic voice services), 2.5G (fully integrated voice and data digital wireless devices offering higher data rate services than 2G, and enhanced Internet access), and 3G-related patents. 3G, or third generation, is used in reference to the next generation of digital mobile devices and networks that provide high-speed data communications capability and voice services.

In 2002, IDCC entered into worldwide, royalty-bearing patent licenses with NEC, Japan Radio Corp., and Tantivy. In March 2003, the company entered into a worldwide, royalty-bearing, patent license agreement with Telefonaktiebolaget LM Ericsson and Ericsson Inc., and a worldwide, royalty-bearing, patent license agreement with Sony Ericsson Mobile Communications AB

Stock relationships are important. Something traders use in comparing one stock to another an any given day or month or min. for that matter, but it can also be used to compare from a long view how a certain stock is doing vs the market, sector or the price of tea in china . This can be used than, with a little thought, on what future valuations, direction and strength the stock or stocks have in their sector and the sector or stock in the market from a relative standpoint.

I understand some people who are focused only on this stock will get nothing from this. However there are others who will.

1st chart. The telecom sector divided by the Nas. You can see how hot the sector has been with in the NAS. Leading it in fact with the Bio/tech.

http://stockcharts.com/def/servlet/SC.web?c=$BPTELE:$COMPQ,uu[m,a]dallyyay[db][pb50!b200][vc60][iUb1....

This is the Idcc divided by the Telecom sector. You will see in relation it is going down since the spike from the Ericy settlement. This is a positive as it shows we are dropping in relation to the sector has a whole which means we are not over priced with the sector. It's a hot sector!

http://stockcharts.com/def/servlet/SC.web?c=idcc:$bptele,uu[m,a]dallyyay[db][pb50!b200][vc60][iUb14!....

For ref only . The tele/com sector.

http://stockcharts.com/def/servlet/SC.web?c=$BPTELE,uu[m,a]dallyyay[db][pb50!b200][vc60][iUb14!La12,....

And for ref IDCC.

http://stockcharts.com/def/servlet/SC.web?c=idcc,uu[m,a]dallyyay[db][pb50!b200][vc60][iUb14!La12,26,....

And just for fun since I'm looking at LU from a trading standpoint IDCC vs LU. It's a good ref. You can see how IDCC went from 15 times lu price to under 10 and back to 12.

http://stockcharts.com/def/servlet/SC.web?c=IDCC:lu,uu[m,a]dallyyay[db][pb50!b200][vc60][iUb14!La12,....


Again to some this will mean nothing to others, with a little thought, well you can run your own studies under any comparison you wish. That has value if your serious about corrected valuations and stock/sector /market strength relationships. And things like that could lead to making smart choices.

Gee it almost sounds like you were making even more excuses! Whose side you on. Sorry thought you were a long/ wannbe trader/ long/ conspiracy buff/ confused message board reader.

Never mind, you haven't made any sense here in over a year.

Have a good night. LOL

Investor backlash over poison pills
Have underperforming boards hijacked a key weapon?

{my add, some good reading on poison pills. Note should not be read by a couple of people on this board, you know who you are and so does everyone else}

By Matt Andrejczak, CBS.MarketWatch.com
Last Update: 7:22 PM ET June 6, 2003

WASHINGTON (CBS.MW) -- John Chevedden is a small investor on a mission to rid companies of what he regards as an outdated and hostile stance toward shareholders.

Chevedden, a former aerospace worker from Redondo Beach, Calif., isn't the first investor to attack "poison pills," the nickname for so-called shareholder-rights plans designed to thwart unsolicited takeover attempts by boosting the costs facing would-be acquirers, typically though issuance of a new class of shares.

But in the widening war by American investors to seize greater power over public companies, the 57-year-old Chevedden has launched one of the most extensive campaigns to curtail poison pills' use. And more and more shareholders at the nation's biggest companies are marching under his banner.

"Management wants carte blanche without any checks or balances," said the mild-mannered Chevedden, who got involved in corporate governance issues in the mid-1990s and attends at least eight annual meetings a year.

From Borders Group (BGP: news, chart, profile) to Home Depot (HD: news, chart, profile) to Mattel (MAT: news, chart, profile), investors have been embracing his crusade to either revoke or limit the use of poison pills.

Last year, the idea of reining them in was on the agenda at 50 annual meetings, winning 60 percent of the votes, according to the Investor Responsibility Research Center. At least 90 companies are holding investor-backed, but nonbinding, votes on the issue this year.

"If they don't have the poison pill, they run the risk of being run out," Chevedden said. "There should be a recognition that the concept of the poison pill is obsolete and counterproductive to shareholders."

At annual meetings this year, more investors have called for doing away with poison pills or at least letting shareholders call the shots in activating them. Nonbinding proposals on the matter won 82 percent of the vote at Alaska Air (ALK: news, chart, profile), 73 percent at Mattel, 71 percent at Northrop Grumman (NOC: news, chart, profile) and 69 percent at J.P. Morgan (JPM: news, chart, profile).

A majority of investors also voted against the poison pill at Lowe's (LOW: news, chart, profile) and Pep Boys (PBY: news, chart, profile), as well.

Common policy

Born following the corporate-raider heyday of the 1980s to fend off unwanted takeovers, the poison pill has become common policy in Corporate America. Despite mounting opposition to its existence, companies are reluctant to kill the pill.

"It's a useful tool," said Morrison & Foerster attorney Priscilla Hughes, who counseled Citicorp on its merger with Travelers. "We tell clients they shouldn't repeal them unless for a good reason."

Typically, companies say that adopting a poison-pill plan offers protection from takeover terms that might not be in the interest of all shareholders.

Companies further maintain that board members -- not general shareholders -- are in the best position to determine the adequacy of a proposed offer, and the poison pill gives board members breathing room to respond to any transaction.

What irks advocates focused on corporate governance is that boards reserve the right to activate the poison pill without shareholder approval.

James Owers, a finance professor at Georgia State's Robinson College of Business, said boards should have less power -- not more -- to determine whether a buyout offer is acceptable.

"It's up to the shareholders to decide what the premium is," Owers said.

However, shareholders of companies that have a poison pill in their back pocket usually come out a little richer than those of companies without the plan, according to Georgeson Shareholder, a New York-based research firm.

In effect, it can be an effective bargaining chip.

Among deals done between 1992 to 1996, premiums paid to acquire companies with poison pills were 8 percent higher, a Georgeson study found. The study also concluded that having a poison pill doesn't lower the likelihood of acquisitions from taking place.

When a poison pill is adopted, it can also prevent an investor from acquiring 15 percent or more of a company's stock without first seeking board approval.

Claire's Stores (CLE: news, chart, profile) is positioning itself. It adopted a poison pill last week even though no one had submitted a buyout proposal.

The reason? To encourage anyone seeking to buy a significant stake or acquire the company to hold talks with the board first.

Insulation against outsiders

Shareholder advocates say the pill policy is abused by underperforming management teams that insulate themselves from outside investors who may be gunning to take over the company.

"It's the equivalent of the Berlin Wall," commented fund manager Mario Gabelli, who runs Gabelli Asset Management.

Gabelli persuaded Modine Manufacturing (MODI: news, chart, profile) to revoke its poison pill after shareholders overwhelmingly voted it down at the company's annual meeting last year. Gabelli had sponsored that proposal.

Under pressure from a dissident shareholder group that was seeking to oust its current board, Celeritek (CLTK: news, chart, profile) agreed last month to set aside its poison pill temporarily as part of an overall plan to settle a pending proxy fight.

"It was in the best interests of shareholders to repeal it," said Peggy Smith, Celeritek's spokeswoman.

Before coming under siege, Celeritek's board had mulled making changes to its poison-pill provisions that would have been more agreeable to shareholders, Smith added.

Chevedden and other shareholder activists aren't about to back down from their poison-pill assault -- one of the most popular items on the agenda of corporate-governance advocates.

However, in a world still roamed by maverick investors and corporate raiders, analysts say few boards seem likely to part with this cherished weapon that allows them to safeguard their self-interest.

Indeed, said Tom Taulli, a University of Southern California business professor and financial author, it's a required defense mechanism for companies.

Taulli's advice to corporate boards? "You should sue your attorney for malpractice if you're told to revoke the poison pill

It gapped, I sold, it's done. But it was a nice one wasn't it. eom

Regarding the Wedge. The upper line of the wedge shows the resistance factor or what the max price buyers were willing to pay to the sellers. There is a floating value attached to the wedge itself vs a fixed lateral line grid. The lower line is how low sellers were willing to go before buyers again became interested and drove the price, and again on floating vs fixed value point. We have 4 confirmations on the upper and 5 confirmations on the lower and a narrowing range. The narrowing range is a classic example of what the investors as a whole think the stock should be valued at. In other words there is a certain price where there is little interest to buy and on the low side to sell by vol. Within a narrowing field. If it's up it's called a rally, if down a correction, normally. In both cases it's very interdependent on the markets as a whole, Vs a spike. A continuance if you wish Vs a blip.

In the chart shown earlier is a normal wedge. Buyers are being exhausted, and the vol shows this. And short term money flow charts also show this. With out an added reason we are at or near the high point. The buyers are saying, that's all there willing to pay, control the top line. The bottom by the sellers. In this wedge the control is lead by the sellers, think of degree of angle. When it meets the level of what buyers are willing spend you have problem, and a breakout/down or in some cases a very rare flag occurs. After a run up like the one we just had what generally happens is a phase of profit taking by the sellers as in that's all there is and there ain't no more some like to call it consolidation or other just say lack of interest at this level.

The e- wave I mentioned is another way to measure what is occurring. It has been very helpful over the last two weeks or so. Ah maybe a bit longer than 2 , in any event Standard abc waves on the min scale would have shown that the "shorts "were getting hammered early in the am by corrected vol., which stopped any attempt for them to drive, they were given no room to move. And I'm sure more than a few covered. And then of course a flat line c to maintain.

The fib lines I mentioned are just a measurement of support or breakdown of same type process but are fixed points Vs floating. Or in other words where you would expect to find support and res. points on movement scales Vs price supports.

Well it would have been enough except those darn pesky employees wanted some too. But no matter. If they ever get around to Nok's contract were going to have to find a whole bunch more buyers in a hurry, because old Harry's going to be right up there in line with the selling, but next time there will be a lot more people beating him to the punch.

More than just a few this time.

No I think your wrong, it's the caffeine, and it drives some people crazy.LOL

Colorful and high schoolish but I can only give nieves's
statements 2 stars. From what I see I think you over graded!

Well at least you now know your worst nightmare. Mine involves a reduced hunting and fishing season but that's another story.

I vaguely remember something about that Was he wearing a white robe and carrying a tablet.

In horror, er I mean honor of what has transpired regarding insiders since that time I recommend we submit a name change to the NAS wherein IDCC should now be known as Harry's.

Ya, I getting a few PM's with the same thoughts. I'll put something together in chart form with a better explanation a little later and post same.

I think your being too hard on ole Joel. I'm sure Harry has more than earned his keep with the nearly 5 million dollars that Harry got over the last 90 days. Not to bad a pay for a qt is it. The only confusing part for me is I've been a shareholder for 4 years and I still don't know why were paying him anything. But that’s just me. I' m sure he's earned the 5 mil this qt, just wish he would tell us all what he's done. May be important.

Bill RE: Alley, did he sell out? I know he was working on his exit strategy as he mentioned.

I got his phone number, maybe I'll give him a call.

Looks like it's time for me to regroup. Included a chart for the traders on the board. I think my points are easy to see.

And longs please let's not go on a trashing spree here, Again I only invest to make money. I'm NOT in love with this company. Thanks. My goals is to make as much as the insiders, percent wise. There good!



http://www.ttrader.com/mycharts/display.php?p=12801&u=gejim&a=lightcharts&id=171

Almost all will not miss it.

BTW your right channel trading is predictable, especially how far up and down it can go. Or in other words what people are willing to pay for it at the top and willing to sell it for at the bottom.

http://www.ttrader.com/mycharts/display.php?p=12786&u=gejim&a=lightcharts&id=171

AHHHHH, you can't run stops at the price that close to the buy in. You'll close out before it kicks.

It was a gamble that I lost. And most likely will carry them a while. Not worth digging them out after todays insiders deal.Haven't had a wash sale for a long time. Maybe , we'll see.

Well I suppose it's about time. Got trapped and didn't get out on my 2nd buy today. Figured it would have when up at the end.

Left holding 4000 at between 26.75 and 26.94. Was a perfect week until then.

So spree if your out there here's your chance to laugh it up.

Let's see what monday brings, may have to carry these for a while.

Oh yeah baby, she gaps when she gaps, I'm in at 35. and I meant a gap from yesterday's close. Whatcathink 60 ?

Ot Watch IMCLE gap today. And people thought 35 was to high. Hah!

Well, getting out early today. Going to the Park. But you can't beat the trading on this one here. Any major vol a person throws you gets bought up by the mo mo's. You got to love it.
Life is gooooooooooooooood.

Enjoy the trading and take care

Thanksformusic,

Ya, a lot going on in the markets. You got the abc waves all ending in flat lines, Not the norm. You expect the bears and shorts to cover once the breakout res levels turned to support, they haven't. You got the markets going up for some now, and some are starting to call this the "super bull" but in the mean time the insiders are selling like crazy and the companies aren't buying, just laying off. And on and on. . . . . . . .

My view FWIW is a extreme oversold condition. One in no uncertain terms can not support itself without correcting. And in MY opinion only, a pyramid game.

But I can be wrong. I'll even point out where. People don't have anyplace to growth their money. Interest, nope, gold, not stable enough. Bonds, ya right. Land is good, but most forget after getting their house. No stock are the play right now, and the media is being honest, they say look at this good news here and there and BTW stocks are very costly and very risky right now, but wait. . . . . what's that. . ABC company is going to layoff another 10,000 people, oh we got to have some of that. . . . . . . the bears are not going to survive this, but there is going to be some blinded by the light bulls who won't either.

I like cash at the end of the day in this market. If it goes up, I'll take the profit. If not , the cash doesn't move. Should be very interesting around option week I would think.

Maybe not, well see, I'm sure whatever they were going to do is in the pipeline already.

The only thing I can add on prop 2 is this no doubt will be deeply noted by management. And frankly it's about time.

nuff on a past issue.

Either way I'll day trade as long as it goes up. Otherwise I 'll just sit.

I'm counting on it.

"Be prepared for some more F4's to follow"

No, perfectly happy with the price and the trading. More than happy to daytrade this range. Just not going to keep the money in. been a nice day today but now I'm done for the day.

Good luck to you

NO , JUST DAY TRADING ONLY TODAY. EOM

Considering the Heartland deal, it will be interesting to see what kind of spin management puts on at the ASM. I will be surprised if there is anything new and exciting to talk about after it's over, you know besides a nod here and a wink there. Can't have a ASM without a wink somewhere. LOL

Spree,

how those futures looking?

Spider,

It's certainly possible for some of the reason butI would hav a hard time putting everything in that bucket. I do think it's important to divide the management from the employees as you have indirectly indicated. I think there is possibly two different thought processes at the company regarding this. My issue is with management only and I have already said my piece.

Zitboy, Valid questions.

RE: can we continue to defy the overbought conditions, and move up?
Answer is sure we can. With the proper factors

RE: is the only recourse to an overbought market a sell-off?
No. you can have a tight trading range, sideways correction or other factors that cause indecision

Re: besides earnings, can some other market factors turn that indicator
Yes

Of course there is a great deal to all of this. Far more than I think anybody would be willing to post on a message board. Currently I'm betting against the market moving up, I thinking a sell off is more than overdue from a dozen indicators and there likely would not be enough outside news to over come the poor earnings vs price of share factors. We just had a 40% run in the Nas and 100% plus in the telecom sector. We had a bounce off the res levels today. I haven't had any time to study where we may go next. I don't have any money in the markets right now so I don't spend the time needed to try and project with any detail fine enough. { E waves would be the best right now}Whatever I do buy I close at the end of the day.{day trade only, and only when I know I'm going to make out.} To much money for me to guess wrong . I can wait. And in the waiting, as I have said I've slowed down on my chart watching. It's been a very enjoyable spring. I intend to enjoy it.

Sounds good spree, rock and roll, put all your money in, go for it.

As long as mine stays in the bank were fine.