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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: BANCHEE who wrote (8081)	6/8/1999 8:54:00 AM
From: Trumptown	Respond to of 57584

"Do you think it will continue..." My thoughts on IDTC: First of all, I'm floored by the huge short position...almost 2m shares out of a 13m float. Someone must be thinking they will fail. However, with the recent NTOP ipo announcement and deals with the likes of AOL, Softbank, Netscape, etc success looks more probable at this point. While their last quarter profit was off a cent or two, revenues we significantly ahead of plan. Between the post ipo announcement blues and the soft market, share price got hit pretty hard. Short term expectation is at least a technical 50% retracement to $25ish. Medium and long term gets a bit more interesting. IDTC is very well positioned in the latest 'hot' telecom sector. They appear to have strong fundamentals. With more upgrades likely, the big conference this week and the IPO around the corner, the probability of a double from here seems reasonable...assuming Mr market doesn't go on vacation!:) SR