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Technology Stocks : IDT *(idtc) following this new issue?*

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To: Marketeer who wrote (3831)4/7/1999 8:58:00 AM
From: Ken Whiteside  Read Replies (4) of 30916
 
Very positive thread here! How about being objective?

IMO IDTC should act much live NAVR / NetRadio. Threads both have strong long followings who talk up, up, up. Lot's of frustration along the way over there. Up from 12-18 on talk of IPO. Then when IPO didn't materialize, down to 10. Up again now, but most backdoors fall off right after pricing date set. Run up is imminent again till day before IPO, then, all interest usually moves to the spinnoff and parent is dumped big time. Look at DLIA, ITURF (out today). DLIA went from 39 down to 30 day before IPO. Probably will go much lower today.

My guestimates, will hit 26 today and fall back till IPO announced. Run back up perhaps to 28. Fall back to 24. Final run to 32, then the plummet back down to reality $15-$19.

Just my opinions after watching a great deal of backdoors. There is lots of room for everyone to end up happy here. It's all a matter of timing. For me right now, I've been wanting in but have been afraid of the fallback. When then goes up today I'm short. When it falls back and I cover, I'm getting in long with all the rest of you.
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