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 (3409)	4/4/1999 3:26:00 PM
From: Doug F	Read Replies (3) of 30916

Reasons 4 & 5 seem strongest to me 4. As Hawaii just mentioned, shorts at low and mid-teens could well be heavily short at current levels. Those with the view that "this stock is a dog" had their belief positively reinforced (borrowing from psych 101 here!) when they made money shorting at lower price levels. Why not add aggressively at the 18 level? Management is now known for crying wolf (using words like "imminent") and not coming up with the goods. And, per point 2., this is overvalued as a telco. 5. This was the reason that first came to mind for me, too. When a stock comes to a pause at a recent price high, and you're holding a profit long, there's every reason to hedge. Although I'm not doing it here, if the stock accelerates to 22/23 and pauses, I'd consider taking out an off-setting short, ensuring that I lock in gains and can stay long through a quick pullback and another rally. I'm sure many who got in at 12 are thinking the same thing here at 18. However, I'm thinking options may be a more likely method of doing this...thoughts?

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