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Strategies & Market Trends : The Round Table: A work by the squares of the SNDK thread.

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To: Sam who wrote (116)	4/9/1999 10:29:00 PM
From: Bill Zeman	Read Replies (2) of 194

Sam Your welcome. Boy!! Is IDTC flying or what? Against my gut instinct I sold 1/2 my IDTC position today at 30 1/4. It was against my gut because I really think IDTC stock is going to have a lot of upward pressure on it still until the details of the IPO/spin off are fully disclosed. Depending on what they announce it may soar even more after that. The ONLY reason I sold was because of my strategy. My average price was 15 1/8, and so I always sell 1/2 my position when I have doubled my money. I am looking to buy them back somewhere between 22 and 26. Absent news on monday we should see the beginnings of at least some kind of corrective pull back. The only thing besides news that would prevent this would be for the internet frenzied investors to really start hitting this stock. I think we already have quite a few of them buying it now, but you know how internet stocks can keep climbing against all common sense and gravity. Happy Investing to All, Bill Zeman 30 13/16

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