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

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To: Kevin Podsiadlik who wrote (11098)7/9/1999 11:20:00 PM
From: Yamakita  Read Replies (3) of 30916
 
Now Mr. Wexler is in on it. From his thread:

~~~

Wexler goes short WAVX and IDTC.

As I have stated many times before, I don't short net stocks with very rare exceptions. These exceptions are the companies that attempt to position themselves as internet or e-commerce concerns, but really aren't (EGGS being a great example, and a very profitable short).

I've been following the IDTC saga for some time now, and it has become clear that fraud and underhanded dealings have tainted the company. The cultlike following and excessive promotion on message boards also raises concerns. The Net2phone IPO is a huge red herring, since the technology is lousy and its business just plain sucks.
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