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: savvyguru who wrote (22941)	1/2/2001 4:09:56 PM
From: Herschel Rubin	Read Replies (2) of 30916

NTOP up 6.8% today... Nasdaq down -7.22%. That's a good start for NTOP for this year! May portend better things ahead for NTOP... NTOP was the only thing in the green on my screen today. Savvy, I think you're right about the margin liquidation driving a lot of today's decline in the overall market (and perhaps in IDTC, although IDTC didn't have a major decline in the past week to trigger margin calls). A lot of investors probably got together with their relatives over the holidays and reinforced each other's unfounded fears: "I heard on CNBC that we might be going into a recession! Oh no, I better dump my shares as a New Year's Resolution before the sky falls." Most people in America can't even define what a recession is! (Two quarters or more of declining GNP). So they're especially afraid of something they don't understand! What they don't know is we have a large Tech Sector Inventory problem that will be worked thru... not a recession. Especially with such high employment.

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