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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (9606)6/21/1999 10:55:00 AM
From: Peter Yang  Read Replies (2) | Respond to of 30916
 
Mr.Pinky's timing on attacking IDTC is very interesting. On Friday the TA indicated a upward breakout from a double bottom for IDTC. I guess Pinky got scared and then tried to rally support from his followers.

However, the IDTC's rise for last few days is the result of institutional buying, not the support from small investors. Unless those big fund managers are stupid enough to follow Mr. Pinky as well, I don't see any sustaining effect by the attacks from Pinkies.



To: Augustus Gloop who wrote (9606)6/21/1999 11:05:00 AM
From: Peter Yang  Read Replies (3) | Respond to of 30916
 
There have been two super buys from institutions (minimum 25,000 shares)so far today (one at 9:31AM, the other one at 10:51 AM). There are also other buying interests from institutions. Apparently, institutions are active this morning and they are taking advantage of the short sale and scoop up the shares.


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