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: Rajiv who wrote (13369)	8/23/1999 10:07:00 PM
From: Hawaii60	Read Replies (1) of 30916

What you suggest is unlikely. It is what I thought would happen today. I actually sold my NTOP on Friday at the close because I anticipated a better buying opportunity today. However, NTOP appears to be turning into one of those stocks that just rocks. Consider that the company will definately be releasing major news tomorrow on NTOP. Consider that the CEO will be on Powerlunch at 1PM. Might people sell the news. Maybe to the tune of $5 but then I expect an immediate regrouping and to break even todays highs. IMO initiating a short position in IDTc at this time was suicidal. The stock just closed above its 200 and 50 day MA today and could take out 100 tomorrow. The chart hasn't looked this good in a long time and arbitrage will start playing an important roll in 5 more days. Right now if yu buy idtc, it is like they are paying you $17.00. If this maintains, an efficient market will transfere the value to IDT and you will be road kill IMO.

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