SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : IDT *(idtc) following this new issue?*

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Trumptown who wrote (4628)4/11/1999 9:17:00 PM
From: Secret_Agent_Man  Read Replies (2) of 30916
 
There may be carnage at the open at least that what future traders would have everyone believe. Remember the rise of the Dow and the NAZ has been led by a narrow few...IDT has not participated in the ralley from 8-10K, nor has it participated in the rally of the NAZ so to generally think that because of Futures every individfual issue will be hit is indeed short sited...Byron Wein as well as some of the other geusts on friday night said they expect a sell-off of some of the tech world however, a wholesale carnage is not what they described...They were nearlly Unaminous in their thoughts that Telecommunications is the next hott sector as well as some of the financial services group.

I have absolutely no idea where IDTC will open close or what the high will be I will say however that volatility will be the order of the day and that those putting in stop losses will be taken out early and fast as the mm's can see them on the screen and will adjust the price accordingly... IDT is not going away in a flash and again as I said earlier this is only the beginning of IDT's break into the threshold of the new millennium.

cheers
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext