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

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To: Steve Fancy who wrote (8201)5/21/1999 3:54:00 PM
From: Hawaii60  Read Replies (3) of 30916
 
Steve, Tell me if you agree with this. This is the most amazing thiong today. To me I think the market makers work on fear. They see it all over the yahoo board and they want to break the back of the retail buyers. They know that if they can keep the price down on the day of the IPO filing and actually bring it down on a day like today. When there is an upgrade and a great marketwatch story. That the longs will become demoralized and sell. Then they simply buy the shares off them at a cheap price. Wait until after optionbs expiration and then let it go. Seems clear to me thay would have done ANYTHING including short today after the news. Just to keep from having to deal with those 4000 open May contracts. Do you agree?

It sure is working on the yahoo board. I see folks there that used to have sense just dripping with fear and POSTING it repeatedly.
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