Replies to post #19243 on InterDigital Inc (IDCC)

[JimLur]

Thankforthe music and GEJIM

"Short term still shows bearish indicators. The stochastic oscillator is oversold and aroon negative is up. Three black candles in a row have also occurred, and the last MACD signal was a sell signal as well. Directional indicators also show being bearish. Two trading indicators that I follow show being short from 04/02 and 04/08 respectively.

Having said that, both intermediate and long term indicators are bullish. I checked Investor's Business Daily today to see how they would rate IDCC and it was a 95 overall, an A. They showed us to be the overall 1st out of 71 stocks in technical ranking, and also gave us a relative strength rating in our industry group of A+."

As you both know I'm not into TA as far as IDCC goes and I wonder if both of you are comfortable trying to use TA to decide at this point is IDCC has value?

What does a aroon, three black candles,and MACD know about the real world and what deals may happen?

I'm not trying to be negative or smart but TA sometimes don't make sense.

At this point I don't think IDCC should be charted like GE or GM because we aren't on the map yet.

[GE_Jim]

Thanksformusic, RE: Question/comment for you -- A broker friend of mine picked Tuesday as a low point for the S&P, then back up. Your thoughts?

I need to see the earnings. Were going to have a month of them. And I don't know who's got what. From talking to various companies it seems that many are backloading for the end of the year.

I don't think were going to have any major runs in the first half. I'll take a harder look after the earnings are out.

[GE_Jim]

Thanksformusic, getting back to you for a proper post.

Regarding short term bearish agreed. But on very low volume compared to the previous 3 weeks. Slow Sto is at 11 over 17 and is over sold. However, and I think you would agree it can stay oversold on this indicator for some time. It's when it breaks above 20 that I'll take notice. I wouldn't call those crows, not enough length, it looks to be a trending down with in a tight range. Sell signal on the macd has been in place for a while now, running out of momentum and starting to level off. Aroon OSC is riding level. Aroon is trending down, Ult osc at 30.

RE: Two trading indicators that I follow show being short from 04/02 and 04/08 respectively

Could have shorted anytime after the 24th and been in the money with a confirm on the adx on the 27th. Don't play the short game myself, and I don't know if you do either. Nothing wrong with it. For me I either trade or hold, it's a mental thing for me. I like betting on the company, just doesn't sit well with me betting against it. But there is money to be made both ways.