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: FieldEffect who wrote (8942)	6/5/1999 10:13:00 AM
From: md1derful	Read Replies (2) of 30916

Hi guys...trying to sit back and analyze what has happened to this stock over the past several weeks..I would tend to agree with many others on this thread..that: "it's the earnings, stupid"....how many times have we seen stocks drop for no apparent reason, despite lots of good news...go back and get the flavor of many posts over the past week to appreciate the confusion here..in my experience, when this seemingly contradictory decline in a stock occurs..it is ALWAYS due to an earnings shortfall..in retrospect, many of us thought the stock was market performing since it was declining with the other internets..but the days the other internet rose, this stock sat there..that should have tipped me off..obvious selling into any rally..and now we know why..the individual always gets screwed..somebody, whether in the company or otherwise related to it, always seems to know what the earnings will be well before it's reported, and you see the stock price wander downward as these people silently exit the stock..its sssssooooo classic..I should have caught it!!! I agree, there is no more bad news to weigh..but the technical damage has been catastrophic for us short term traders and we need to exit the stock for now as we do some serious and prolonged basing.

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