InterDigital Inc (IDCC)

[FanOfspringsteen]

Caveman,

In my experience, Tech, it works, but not with all the stocks, even if you combine the tech methods. I guess it dépends of the profile of the people who are trading the stock. I tried with a large panel (roughly 100 stocks) to modelize that 10 years ago.
Very surprising, indeed as this kind of thinking has nothing to do with what a company is, but refers to what people think/believe a company is.
For IDC, it was quite simple in the past, as there were some kind of cycles. I mean for example climbing to $30, then falling to $22 and restarting again. If you're watching at the curve, you can see these waves.
I took benefits from that and i was stuck once at $40 as well.
Not easy to be always in the right time.
For that reason, i don't think many of the long were entering at $80 levels .... They probably do like me, surfing on the waves.

The way the stock is climbing here is very strong and does't look to previous run up which were more speculative and less fondamental.

IMHO.