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Technology Stocks : IDT *(idtc) following this new issue?*
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To: Andrew H who wrote (11162)7/11/1999 10:46:00 PM
From: vinod Khurana  Read Replies (1) of 30916
 
Hello Andrew and the rest of the investors on this board who read my post.

First, I am long this stock. I have never shorted any stock nor plan on doing so unless you can convince me that the stock is definetly heading down in the short term.
Second, I was upset at the fact that $25 million was loaned to a company that has not kept up with good business practices but above all, that the money was invested in a one man company and whose business activity is unknown.
Third, IDTC has never disclosed what benefit it received from investing $25 million. What the investment a favour of some sort ?

Whilst true that I have not done my research into the past two years on IDTC, I was surprised that Street.com would pick up a story like this and publish it without it being checked out first. I am sure that Street.Com wants to make a "good" name for itself. Has any apology beeen made by Street.Com or are they still holding firm on their story ?

This issue only raises concern about the investments IDTC is making.

I have nothing against IDTC and would not like to see its stock sink further but I have to take into account any -'ve or +'ve article published. As a matter of fact, on a technical basis, I expect this stock to strike between $26 - $30 any day now.

I wish all the longs well...I happen to one of them.
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