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: blankmind who wrote (2081)	2/16/1999 8:11:00 PM
From: Hawkmoon	Read Replies (1) of 30916

Boy am I happy I didn't pull the trigger today. DELL is getting hammered in the aftermarket. I've heard it hit $74/share. There goes one of the 4 horseman. Now its MSFT, INTC, and CSCO's turn. I heard a radio broker tonight who is unusually canny about reading the market trends. He says that the Bull/Bear is at a bullish level not seen since the crash of 1987. IDTC did not give us a volume reversal today, so I suspect more downside. I'm also leery of the internet index (^IIX) which is looking like a head and shoulders forming. If it breaks down through 670, the next stop is 520-540 (around where the 50 day moving average is). If IDTC decides to do an IPO in this environment, they are going to have a tough time. I think BEARX is looking mighty good right now. I like the company and what it has to offer, but I'm finally starting to learn not to fight the trends in the broader markets. Just my humble opinion. Regards, Ron

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