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: DavidH who wrote (30187)	3/22/2004 10:39:14 PM
From: Art Baeckel	Read Replies (1) of 30916

Hi David! Well my prediction a week ago was that I thought it would hold $4.50. I will tell yah I still am long the 22,000 NTOP as posted. I do believe that we will see some margin calls because of this closing under $5 as I stated today. I rode my short up to $8.39 which I took some flack on the way up. Yes, I am patient in "what I believe is ultimately going to happen". And as I've posted it usually does happen sooner or later. Those that gave me flack never had a word to say when I finally cashed in for my gains. I still think it's a piece of crap. I didn't think it would drop this fast and to these levels so quick. I did suspect I would have a wild ride before I got out. I never meant to rub the longs for my short gains. I've said all along that you make more money trading it than holding it. There are shares bought at that $8.39 and all the way down to todays close of $4.79. Depending on if people went out on margin which I suspect there are many. I feel the next 3 days could see some much lower lows than todays $4.61. Remember if it starts to take out margins it's like a snowball getting bigger as it rolls down the hill. I hope I'm wrong but I'm not optimistic about the next 2-3 days. As far as NTOP @3.00 I'm afraid I wish that would be only a loss of the 40,000 you stated. But that plus sign must have been a VERY BIG PLUS because if it is $3.00 I'll be down about 54,153. (OUCH) As of the close of today I'm down 14,773. But like it or not I'll be patient like when I was down over 2.15/share when I had 8000.(-$17,200) I really thought of bailing today and take the lo$$ and start buying back at a much lower price so I could start playing the trades as it starts to recoup in price. (IMO) I may still do that yet. If I do I'll share with yah my lo$$e$. I've made a lot of money and I'm not going to leave my early retirement because of this stock. In the past 2 years I've had short term capital gains of over 30k on IDT and NTOP trades. Most of them have been short though. If I end up giving back some then maybe it's my turn. It just shows I was right all along about it dropping down to where it started when Greenberg was on CNBC news. Remember the volume and share value change from that morning on! I forewarned then also we would see this day. I still think when the dust settles it will come back to make me money. I'll leave it at that. See yah, and good luck to all! ART <Art Being "farwarned",...welcome to the long side of NTOP. Even tho you wont be here long, it tends to hurt when this stock gyrates, especially downward, Go on... admit it... just like when you post your gains on your short investments hurt the long investors on this board. I know you're a patient investor. NTOP could go down to ... tell me 4?..3?..2?..what is your prediction? will you hang in there like you did with your short given you have posted something like a 22K+ position? I hope so. I know you will tell us your gain/loss when you sell. Lets see..NTOP at 3=~$40,000+loss. Its not that much of a loss even if NTOP Ch 11's...is that a probability? Could be. Might want to consider getting out ...net to crap and all. David H> Message 19945240

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