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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: kathyh who wrote (28841)4/18/1999 1:19:00 PM
From: DWCraig  Read Replies (1) of 90042
 
Kathy, Here's a fine example of brokerage recommendations which probably helped them obtain fat positions in one of the stocks this thread is following. On January 15, IDTC gapped down sharply to hit a low of 9 1/2, down substantially from its 52-week high of just over $40. The stock never went lower. Its price has tripled since these calls were made three months ago (cut and pasted from Briefing.com):



11-Jan-99
                                                                                             12:00 -- 13:00 ET
IDT Corp. (IDTC)15 -2 7/8: CS First Boston  downgrades  telecommunications carrier from "strong buy" to "hold" due 
to deteriorating pricing and margins in the wholesale long distance market; believes shares may be negatively impacted by 
deteriorating wholesale market and that could fall to the $10-$15 range in the short-term.....(SH99011112007)

14-Jan-99
                                                                                             13:00 -- 14:00 ET
IDT Corp. (IDTC)13 1/2 -1 13/16: Jefferies & Co.  downgrades provider of integrated long-distance telephone and 
Internet access services from "buy" to "hold" on view that wholesale long distance prepaid calling card business is weak; believes
 company's prepaid card business has come under intense pressure.....(SH99011413008)

15-Jan-99
                                                                                             11:00 -- 12:00 ET
IDT Corp. (IDTC)10 3/16 -3 3/16: Friedman Billings Ramsey  downgrades telecommunications company from "buy" to
 "speculative buy" as company pre-announces fiscal Q2 expectations; pricing pressure and slower than expected network 
deployment will negatively impact margins and earnings in Q2 and future quarters; lowers Q2 EPS from $0.17 to $0.06 and FY99 
EPS from $0.74 to $0.36 a share.....(SH99011511009)

19-Jan-99
                                                                                             14:00 -- 15:00 ET
IDT Corp. (IDTC)12 1/8 +2 7/32: Lazard Freres  downgrades telecommunications company from "buy" to "hold" due to 
expected erosions of gross margins from 25% to 20%; lowers fiscal Q2 EPS estimate from $0.16 to $0.05 a share.....(SH99011914001)

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