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Technology Stocks : IDT *(idtc) following this new issue?*
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To: Hawkmoon who wrote (1349)1/11/1999 3:10:00 PM
From: John Romeo  Read Replies (1) of 30916
 
Ron,
Something had to happen with those Bollinger Bands tightening up in fact I have never seen them that narrow prior to now. It is similar as
a flagging chart where pricing consolidates and a big blow out will
occur you just don't know which direction. So, with the breakout to 18 last week it was perfect technical move clearing upper band and breaking above 40 day mva. the 200 day regression to mean still points down so downtrend continues but stock price still holds above that level.
I want to wait a couple of days,damage is done, though still mixed.
Short term it is damaged and my short term indicators, time segmented volume moved to negative reading from positive.Money stream which measures rate of money coming into stock is at lowest reading, so we have a tired stock.Good news stochastics have not crossed yet down.
and firm bottom to rest.
I'm pissed management hasn't come out and defended the quarter I've talked to a few brokers and I agree in this market you put a release
and say the quarter is doing well and on target. Failing to make that statement is onerous. I am out of the stock but was holding out for
14 1/2 last week and kicked myself when it moved to 18+.Now I am torn between the price being low but technicals of question and management no where to be found. I'm on the fence.
Regards,
John

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