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

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To: Andrew H who wrote (4638)4/11/1999 10:19:00 PM
From: Steve Fancy  Read Replies (3) of 30916
 
Andrew, FWIW, although I'm a believer in contrarian thinking, under normal circumstances I'd say tomorrow would be a disaster. Instead, short of further bad news, I expect the markets to open down hard, level off and close with a downside bias. With all the big names to report in the next two weeks, I don't think they'll sell off to far...especially with Kumar indicating he felt CPQ's problems were company specific. Heck hardly anyone else has warned. Hopefully the worst of it will be in the first 30-60 minutes.

regards,

sf
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