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: Andrew H who wrote (3417)	4/4/1999 6:37:00 PM
From: blankmind	Read Replies (2) of 30916

the last time idtc went over its 200 dma, it dropped below it immediately. if we had covering, i think it would have held. i think the 20 to 15 drop, had many shorts pile on, if you check out a chart of idtc it shows the big drop from 27 on 9/23/98, halting at 20, before another drop on 10/6/98 from the 20 range and again on 12/1/98 from teh 20 range. again on 3/9, we finally hit 20, and this past month shows how the shorts have come back. i think it will be the 20 mark, and not the 200dma which causes the shorts to close up shop and move onto better pickings. of course the spinoff announcement would do the trick also;-)

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