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Technology Stocks : IDT *(idtc) following this new issue?*
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To: Jules B. Garfunkel who wrote (30199)3/24/2004 10:17:07 AM
From: Art Baeckel  Read Replies (2) of 30916
 
Jules, I always believe in my investments whether long or short. I didn't expect it drop so fast. I do believe this is a news driven stock. When it headlines it pops. Again yesterday proves that. I am still long the 22k as I stated yesterday. (avg.5.461498636)Every penny movement in this stock is an adjustment in my portfolio of $220. I can't lo$e sleep over these daily movements until it reaches where I'm prepared to move with my trade. I thought it was a $4.50 stock when I shorted it. I thought it would come down to this level in mini steps that I could trade on daily until it bottomed to my target. That is why I bought that 10,000 at $5.80 and since had to average down. I did misjudge how quick a piano can fall from the sky. I still feel strong I'll make my money before it's all said and done. I am prepared for the wild ride this stock always provides. Those who watched it go to $8.39 and down to the 4's have gained nothing while I've made my money in the interim. It's strictly a trading stock. Not including this years gains I've made 30-35k in the last 2 years. I can easily sit on this thing knowing I'm way ahead of the game here. I still think this thing is a "pig"! But even a pig goes to market too! IMO

ART
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