InterDigital Inc (IDCC): I am holding mostly cash for the first t...

Reply Private New

Replies (2) Next 10 Prev Next

Send PM Follow Ignore

Followers	5
Posts	542
Boards Moderated	0
Alias Born	01/02/2003

sonetirot

Re: twelvebees post# 64165

Tuesday, 03/23/2004 4:40:21 PM

Tuesday, March 23, 2004 4:40:21 PM

I am holding mostly cash for the first time ever. We had been there $4 after 9/11. Went back to $28+ after Ericson settlement then drop to around $14. Up again to $27+ Now down to $16. Yes. I still believe in IDCC Fundamental but trading is Demand/Supply. With the world headline trouble right now. Who would want to risk be in equity. Even stock buy back may help temporary support stock up. I still do not see more than 2 point up. Who could have guarantee it won't be another $14 or even $4. I will wait until it up on heavy volume with up $2 from low to add more position. I may be wrong. I am out most of it at $20, $19, $18.50 and $16 (with lost)
Alley: Could you tell us when you initiate position again?
I will catch a ride on the way up even I have to pay much more. I need to preserve my capital that is much more important than winning.

http://stockcharts.com/gallery?IDCC

Price objective is $4 on P&F