Tradingmarkets are very accurate in their short term ratings
1 = STRONGEST SELL 10 = STRONGEST BUY
Check out what they have IDCC rated for today, i mean right now. They are basically calling the TOP. did I say calling, i meant SCREAMING. This is the TOP TOP TOP. Run is DONE. Mt. Everest peak is reached. Is the msg going thru to you longs? probably not.
Really? Well, I guess they had it ranked a 9 on Monday when it was $41 per share.
Or, more likely, they just belong to the "if you missed the wedding, don't go to the funeral crowd." The trouble with pure chartists is that they don't deal with external events (like Google's Nortel shutout and Apple's ITC ban on HTC's Android imports) very well.
The past is not always prologue -- sometimes fundamentals do have a role to play.