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

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To: md1derful who wrote (10721)7/7/1999 9:09:00 PM
From: Andrew H  Read Replies (2) of 30916
 
It seems pretty likely to me that Greenberg and thestreet.com were in league with the shorts on this one. He is most likely associated with people who scan the SEC filings to find such loans (which of course were legally reported to the government agencies). Then these same people probably check to see if the companies are registered and what information is available about them. If the registration has lapsed on a company, voila, then Herb and thestreet have a story. That way the shorts do all his work for him and he gets free research on an article (which of course he must verify)--then the article just happens to help the positions of his researchers. Of course the above is only conjecture but I would not be at all surprised if that is the way it works.

There are obviously many more important stories out there, so it appears that vested interests are involved here. Greenberg is well known.
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