IDT *(idtc) following this new issue?* Message Board

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

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To: Hawaii60 who wrote (10350)	7/1/1999 1:27:00 PM
From: Steve Fancy	Read Replies (1) of 30916

Hawaii, we need to hammer down expectations over the next couple weeks. Do you have any basis for your suggestion, other than the possibliity of a short squeeze if it moves much higher? The news is all out now right? Will the IPO list before July expiry? What do you expect from the IPO? I'm thinking best case may be around $16-$20 then it sells off. You have to remember that many have been burned in internet telephony companies in the past. As we move closer to the IPO, hopefully the increased attention in a market hopefully propped up by earnings may get IDTC to the $28 level...if we're lucky. If we're not so lucky, IDTC peaks short term at $24-$26. Perhaps a short squeeze of types at the $24 level for a brief rise to $26. What will be the catalyst to move IDTC any higher with the obvious "show da money" attitude of the street? I'm thinking IDTC doesn't take out 28 convincingly until after a couple/few good quarters. These are my thoughts...comments welcome. As far as options, if you're confident the stock may move up, why not buy the 20's or 22.5's? Thanks, sf

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