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

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To: Stitch who wrote (8495)5/26/1999 8:54:00 PM
From: Augustus Gloop  Read Replies (2) of 30916
 
Stitch,

I don't doubt the potential of IDTC and their many market possibilities. I don't even doubt the fundamentals. At this point, I doubt the market! Several T/A percentages suggest we are due for further downside (the general market). That concerns me as we get closer to earnings and the spin-off of NTOP. I think the upside is huge thus the weighting in my portfolio is also HUGE. It really pissed me off to see the stock off 33% in 10 days and only have the nasdaq off 10%. Since the majority of this holding is in a self directed IRA I don't have the ability to chase/margin like I would if it were in a regular account. I did Not buy today but came very close. If we tour the 18's again I may buy some but at this point I am busy bailing out other positions that honestly I have more faith in.
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