InterDigital Inc (IDCC)

[Alley]

THE MARKET + IDCC...
THE MARKET...
For the moment the key word for the market is momentum...the naz is poised to run up through the end of the month and into early February creating an initial top. It can get choppy at the top. I expect a pull back in Feb...setting us up for a Spring rally for a double top...somewhere in the 22 to 2400 range ... What is clear is that the market tape is telling us that the positive momentum is strong and the technical indicators will take time to unwind in order to eventually become bearish.

We are in overbought territory,but we've been here before in recent months. In those cases we've slid back and quickly recovered. Bull market Momentum philosophy has been in place...

If markets are uptrending, buy the dips near support levels.
If markets are downtrending, sell the rallies near resistance levels.

Be careful now...its when complacency sets in that I get concerned...a wild bull is not a good thing....you want him trained and steady....




IDCC

SECTOR ROTATION
It has become apparent to wall street that our sector is pulling out of the basement.
Money is rotating in....and we are starting to pop up on more radar screens...

Excerpt from my post 1/12/2004
IDCC....MOVING WITH THE MARKET...MOVING WITH THE SECTOR..
From a technical point ... the picture looks almost to good to be true... . The market is in overbought territory ...but market internals remain strong.
http://www.investorshub.com/boards/read_msg.asp?message_id=2115293

Excerpt from my post 1/13/2004
Good news is that downside appears limited because momentum measures have registered levels which usually mean residual positive momentum is in place...worse case scenario short term...3 down days sets us up for strong buying opp.



Excerpt from my post 1/13/2004 RE: Trading range + current activity... ]
TA FORECAST
The Good newsis that the market has been working for us up till now...barring any short term calamities we should be able to hold up fairly well...and see some additional upside. We are in our 4 Th. day of the 24's building a nice base ... we should be in the 25's this week....and if *the market and the sector continue as they have we should be in the 26's or better next week. If we get into the 26's we will be in the early stages of establishing a trading range in the 24 to 26 range ....We are certainly being helped along by institutional and sector buying. We seem to have stronger hands holding

A COUPLE OF NOTES:
{}Options no doubt will effect volatility as positions are worked out...and rebalanced

{}POTENTIAL SHORT SQUEEZE...based on recent performance I would not like to be short this stock. They are feeling a bit uncomfortable...any shorts out there
http://www.investorshub.com/boards/read_msg.asp?message_id=2123716

Excerpt from my post ... 12/23/2003
current activity is creating the foundation for sustained and
dramatic growth in 2004..... Slow but sure'
http://www.investorshub.com/boards/read_msg.asp?message_id=1994237


Personally...I would love to see a short squeeze in the near future...who knows..

Best to all....nice day...as always your comments and thoughts are welcome. Alley