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Technology Stocks : IDT *(idtc) following this new issue?*
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To: oden67 who wrote (7937)5/19/1999 11:05:00 AM
From: Arrow Hd.   of 30916
 
FWIW, I am not terribly disturbed by today's action. Sure I was hoping for a gap up and a charge by the momentum traders but IDTC has come a long way already on anticipated news and now that it is out it requires digesting. The AOL conference may shed more light on where the IPO fits in, we don't know the price, earnings to come, and so on. As someone earlier posted, the pattern has been for the parent stock to rise over a period of time prior to the IPO as more quantification is available. I have no problem waiting another month or two as developments unfold. If I thought it was going to be stale money I would rotate as would many others here on the thread but I don't. I still believe that the analysts have not digested the Internet piece and how the sum of the pieces is worth more than 30 bucks a share. All just my opinion and always interested in what others have to say both pro and con. Thanks in advance.
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