Business Services Industry

Schaeffer's Street Chatter Highlights the Following Stocks: Able Laboratories, CREE, and InterDigital Communications

Business Wire, Nov 11, 2004

Sentiment is somewhat mixed on this security. The equity's SOIR sits at 0.48, as calls more than double puts among near-term options. This reading is also higher than only 42 percent of all those taken over the past 52 weeks. Meanwhile, short interest dropped by 12 percent in October to 2.7 million shares. These bearish bets now account for 5.42 percent of the security's float, which is still relatively high. What's more, the equity's short-interest ratio rests at a lofty 9.52 days to cover. These pessimistic positions could add some serious support to the shares in a short-squeeze situation. Wall Street has yet to jump on IDCC's bandwagon, with only four analysts following the firm (two "buys" and two "holds"). Any upgrades and/or additional coverage could also send the shares shooting higher. IDCC is one stock traders may want to keep an eye on to see if it can hold above resistance at the 17 level.

Click the following link to see the Daily Chart of IDCC Since July 2004: http://www.schaeffersresearch.com/wire?ID=11720&obspage=2.

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