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Technology Stocks : IDT *(idtc) following this new issue?*
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To: Stephen who wrote (1555)1/21/1999 4:07:00 PM
From: Andrew H  Read Replies (1) of 30916
 
Hard to make a judgment from a few minutes of trading, but I suspect IDTC is near its bottom. It could go down and test 11 tomorrow if the internets sell off some more, but with all the Internet news due out, I don't see it going much lower unless there is a major market sell off. After all, book value is over 10.

I think we may see some more announcements next week as the launch of the portal approaches.

I think the Internet stocks could correct for a few more days and then head higher. But good earnings from IBM and XCIT could change that.
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