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

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To: Art Baeckel who wrote (24012)6/22/2001 2:02:09 PM
From: BinkY2K  Read Replies (1) of 30916
 
Art, clearly the stock is down.

I am not defending NTOP in terms of the past. I have made and lost money on this beast and my current position is minor for me. But value is finding a stock that is beaten down. To have it drop from 9 to 7 can be explained easier than this heavy volume that took it below 6. If it is capitulation the price may be too low and it may be time to consider buying. If it is a big seller getting out, ditto when he seems to be done. I suspect some Rocker. If it is shorts playing momentum, ditto.

Of course, if there are intrinsic changes like am canceled contract that has leaked, then catching a falling knife would be more pleasant.

At the moment I write, it is looking very bad. It is near the intra-day low and volume continues to rise to almost 900K. There was a rise earlier but it seems the selling can continue as long as it takes and buyers may back off to get it cheaper.

Still. SOMEONE IS BUYING or it would be at $2. So, I see see a cup half full and wonder. It could be the buyers who are making a great catch.
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