InterDigital Inc (IDCC)

[jai]

Learning2vest,

Funny you should mention PRTL, I made a very nice profit in that firm. A very good example of sector selling. I first bought Primus(PRTL) at $10 sold at $15 it ran to $51 then bought in again at $15. I was also invested in a disaster stock called PSIX. Originally bought at $4 went to $120 and split went to $1.50 and I loaded up the boat and sank to worthless. That pick made me understand the need for investors to read balance sheets.

PRTL went down to .29 cents and I loaded up the boat again at .50 to .60 cents. Sold out on the way up all the way to $11.00 a share. Moved my profits into IDCC.

Their are very good reasons as to why wall street works in sectors. Take for instance the telcom bubble, Global Crossing, Williams, Exodus, PSIX, MCLD, WCOM, all went bankrupt. Wall street threw the baby out with the bath water when selling off PRTL to .29 cents. But PRTL management did an absolute briallant move in paying down debt and repairing the balance sheet.

I'm much more impressed with IDCC today than I was on Friday. They gave analysts what they wanted in guidance and analyst have been rewarding them all day with a steady flow of buys. I think they finally figured out the game and eventually the share price will reflect it.

I stated prior to yesterday that I firmly believe we will hit $27 before Novembers earnings release. Nokia money will look way too good for speculators not to want to make a play. Now we have guidance that will prevent more death spirals from now until then. That will give institutions the warm fuzzy feeling that they can come back and not expect any more 10 point bombs like March and last July.

P.S. I like CLST for a July run past $10 from $7 here. Way too much revenue and value for a stock with a market cap of $140 million and sales of $1.8 billion.