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Technology Stocks : IDTC Options Players (losers and whiners)

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To: Steve Fancy who wrote (394)3/2/2000 5:26:00 PM
From: Tony A. Matthews  Read Replies (1) of 593
 
I think that there were some investors out there that thought an announcement was due last night.

On a positive note the first analyst question on the cc last night asked the question about AOL and received a "no comment" reply. This indicates to me that there is definitely something up in that regard. Given that IDT has shown a good base at the $35+ mark it is not unreasonable to believe that when the deal firms up and more details are leaked that it will edge over $40. I'd say holding over the weekend is a smart move.

Whether or not IDT sustains the price range long term comes down to what they will do with the money. You know watching the whole 3com/palm fiasco makes you realise what "could" have happened with IDTC.
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