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

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To: Herschel Rubin who wrote (22943)1/2/2001 4:37:23 PM
From: Arrow Hd.  Read Replies (2) of 30916
 
What started the sell off today were stocks still selling at higher ratios where institutions still had profits from early 2000. Then the RS downgrade. Meanwhile the shorts held onto their 2000 profits while the market tanked. Probably a few more days of this. Need the Fed to cut and the taking of 2000 profits to play out with some level of short covering to start any kind of turnaround and potential rotation to the fallen angels. All IMHO of course, but we have seen these kind of starts to a new year before.
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