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Technology Stocks : IDT *(idtc) following this new issue?*
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To: SteveJerseyShore who wrote (17701)12/29/1999 2:03:00 PM
From: Hawaii60  Read Replies (3) of 30916
 
Steve, FWIW, I think the pressure on the stock right not almost solely has to do with tax selling on NTOP. Due to the fact that NTOP was run up recently to as high as $75 on the roadshow and then jackhammered back down by H&Q. There are A LOT of folks looking to take the tax loss. That in turn is hitting IDTC. So, although I too would like an opportunity at that price. My feeling is that the last best opportunity to buy at lows is today and tomorrow. After the end of the year with the tax selling pressure gone, I think it likely to immediately start trending back to the 24 range and ntop to 58 range without news.
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