InterDigital Inc (IDCC)

[plumear]

I'll tell you, all the discussion about Spreadtrum, it's upcoming technology conference, it developmental work and expected dates of products release just prior to the Olympics has been too much for me. I had to roll the dice on owning some SPRD shares.

I sort of like the chart. It has had quite a drop but it is trading currently at the bottom of a price channel and there is a hell of a lot of upside potential. I hope this is a good move.

Chart link:

http://stockcharts.com/h-sc/ui?s=SPRD&p=D&yr=1&mn=4&dy=0&id=p25210283627


Hmnn. I just clicked on the link for the chart and it does not show the trend lines that show the price channel. However, for those that aren't familiar with Stockcharts. go to the bottom of the chart and click on "annotate". A copy of the chart will pop up and you can draw your own trend lines. Draw a line stretching beyond the $17 peak and the later $9.79 peak. You can copy that line and drag it to the bottom and you will see that the initial low and the low of today make a parallel line to the top one.