Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: 2MAR$ who wrote (16818)	9/28/1999 6:12:00 PM
From: Jim B	of 108040

ITXC Corp. jumps 41 percent in debut NEW YORK, Sept 28 (Reuters) - Shares of ITXC Corp. jumped about 40 percent in their debut on Tuesday as Wall Street continued to reward Internet newcomers to the market. ITXC opened at 19-1/4, up 7-1/4 from its offering price of $12 a share. The New Jersey-based provider of online voice and fax services pushed as high at 21-1/2 in morning trade, making it Nasdaq's second biggest percentage gainer on the day. Some analysts thought ITXC would have an even bigger pop on its first day of trade. Irv DeGraw, research director at WorldFinanceNet.com, said he expects the stock price to maintain a steady rise. ``I thought it would go a little bit stronger' than 40 percent, DeGraw said. He had expected ITXC to climb 80 percent in its debut. ``This one should stabilize and set itself out for a nice steady appreciation. I don't expect ITXC to be a one-day wonder. It's got a lot of substance to it to grow,' he said. guess that answers my question as to whether ITXC is still a good buy under $30

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