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: Hawaii60 who wrote (4439)	4/10/1999 1:05:00 PM
From: Steve Fancy	Read Replies (5) of 30916

Not true, DJ picked up on the story late morning.... Message 8806231 ...the Doc (Doc is usually right) is probably right. If no further news/weekend exposure, I would expect it to drop back to at least Friday's open, if not below . General negative sentiment, profit takers and a new bout of shorts will likely ensure that. With a market cap of 1.1 billion, or almost 30% higher than many have speculated the combined entities of IDT and the spin-off might be worth, it may have peaked until further details become available. Stock has a clear trend of running up on news/rumors, then settling back. I have hopes that at somepoint over the next 60 days the stock will see 36-40, but may be later than sooner. In the meantime, looking like a shorts delight and I question if we hear any more news till week after next. The Thursday night CBS Marketwatch rumor was a stroke of luck that obviously some knew was coming. sf

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