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Technology Stocks : IDT *(idtc) following this new issue?*
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To: Andrew H who wrote (4482)4/10/1999 5:30:00 PM
From: blankmind  Read Replies (1) of 30916
 
yes, i think we could test 36-40 because the company is only now becoming know for its n2$$ product. idtc was 36 before n2$$ was in sight and had value. now, people have begun to realize the potential of n2$$ and see it worth more than idtc proper. softbank put the stamp of approval on it. also, we should see a second push from people who were not informed of the stock on thurs/fri.

expect the pile on to begin.

2 other extraneous events:

with the sharp rise, shorts will have to close or raise the margin requirements.

also, friday options expire. some people will want the stock at the low price instead of closing out the option.
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