Replies to post #252380 on InterDigital Inc (IDCC)

[dmiller]

Hate to burst your bubble but the rise was in tandem with the mkt rebound.

[Alley]

TA THE MARKET +IDCC

THE MARKET
OVERSOLD
[]Oversold-5 down weeks...selling exhaustion now in play---dow support 6560
[]shorts are playing the market skillfully -playing on the fears of investors----let up at the open--short it during the day--short covering when were near key support--causing perfect bear traps...[lure the buyers in then short them-fear kicks in ---buyers sell----perfect bear trap

[]Classic grind down
I believe this classic grind down that we've been experencing has not had the normal technical capitultion* sell off [*high volume throw in your at sell off] action and it may not.
WHY NO CAPITULATION
IMHO-.REASON many of the buyers who exited the market in and prior to the October capitultion are sitting on the sidlines. The stock sellers in this market [from the early highs in Jan ] have been methdically lead down the wall of worry through short action . Of couse the shorts have had the government as their partner durng these past 5 weeks with daily comments coming out of Washngton fueling fear ,inhibiting confidence and fueling uncertanty....

[] IMHO-We are far closer to a bottom [support] then a strong top [resistance]
We now have more then 50% retracement from our historical highs
[] I have to believe shorts have more to risk these levels then gain...they backed off at the end of the day...leaving us in positive territoy. They have had5 really good weeks....if they decide to get really bold here...its a classic set up for a signficant short squeeze and a strong move up.

IDCC-
Unfotunatley any negative news in a down market is every shorts dream...that compounded with a downward trend in the broad market is all the fuel you need to turn an ember into a massive fire.
We just witnessed the perfect storm. Try to REMEMBER-NO STORM LASTS FOREVER.
We are heavily oversold... we hit a major support level at 20.58...
The downside risks significantly outweigh the upside rewards based on the fact that we already have buit in the 2009 years performance ---That of beating numbers in EVERY QTR this year...without the addition of Nokia settement, new licences,and lots of cash in the bank.
HOW MANY COMPANIES WILL BE ABLE TO SAY THAT!!!

AS ALWAYS YOUR THOUGHTS AND COMMENTS ARE WELCOME....Alley