IDT *(idtc) following this new issue?* Message Board

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

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To: Peter Yang who wrote (8431)	5/25/1999 11:05:00 PM
From: S Wall	Read Replies (1) of 30916

From briefing.com Tech sector is nearing a pivotal juncture at which it will either turn sharply higher or continue its steady, unrelenting decline... Reason Briefing.com makes this claim is that number of leadership issues are now testing major support lines... Up until now correction, though painful, has been just that - a correction from overbought territory... But should stocks like Dell (DELL 34 9/16 -1 9/16), America Online 115 1/2 -4), Cisco Systems (CSCO 104 3/8 -5), Sun Microsystems (SUNW 55 1/16 -7/8), Amazon (AMZN 111 9/16 -5 15/16) and Yahoo! (YHOO 126 15/16 -10 15/16) actually start to close below their long-term moving averages or major congestive areas, institutional investors will throw in the towel... We're not there yet, but we are dangerously close.

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