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Technology Stocks : IDT *(idtc) following this new issue?*

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To: peter michaelson who wrote (8273)5/24/1999 1:35:00 PM
From: gerard mangiardi   of 30916
 
Not too surprised by today's action. After giving a lot of thought over the weekend it struck me that the stock will have to test a support between 20-22 area before we get sustained upward movement. Market is telling us that earnings will disappoint probably due to the bond tender and filing preparation for ntop. Sitting long and patient.
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