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

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To: Hawaii60 who wrote (17702)12/31/1999 5:59:00 AM
From: Davo M  Read Replies (1) 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. <<

Don't you love it? IDTC goes down when NTOP gets hit but does not go up when NTOP does. Huh?

This has easily been one of the dumbest places to put your investment money. I have been in since April, 99 at 28. Meanwhile I watch others stocks in my portfolio like CKFR go from 28-104, COMS go from 23-47, and this stock only seems to go down. The NTOP IPO sure didn't do anything for IDTC. The NASDAQ boom of '99 sure didn't do anything. IMO this is dead money. The street obviously hates IDTC and it shows. What makes January of '00 so magical that we should continue to hold this dog?
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