Hey Sting Ray and the board, try to lighten up on the coffee, cigarettes or whatever has gotten y'all so fired up, and discuss IDTC technology, company business, or stock predictions.
I would add that anyone who thinks IDTC is fully valued has a right to say so, anyone who thinks otherwise has a right to say so. I can have a gut feeling or I may have a reason and I have a choice in sharing it or not.
Motive? I bought IDTC last year on the excitement of an IPO, in the 20s, got margin called out the day it hit 10 in January. Do you think I'm pissed off? Sure, I lost a lot of money in this stock. So what did I do in March, I bought in at 14 and 18. Too bad I sold too early (20s). Don't fall in love with the company, just use it to make money if you can.
I do think we are headed lower before we could go higher. Many of the same issues arise with the IPO, will they spinoff to investors, let's say for every share of IDTC you have, on said day, they give you 1/2 or whole share of Net2phone, then you'd get people holding onto IDTC and buying more. Just the hype of IPO and not spinoff puts a limit on the heights that it will reach, perhaps 35-40 is all.
Be careful with these IPOs, if that's why you buy such a company vs. buying it for it's overall business.
Good luck,
Ketan |
