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

To: Madharry who wrote (9987)	6/25/1999 11:19:00 AM
From: Steve Fancy	Read Replies (1) \| Respond to of 30916

I'm thinking of getting in for a couple days too Armin. A note on today's trading so far though...no block trades yet. Look's a little like a chatboarder rally to me. Part of this stocks problem seems to be a limited following. Maybe IPO news will generate some new investors. If I buy, I'll sell on any bounce over 24...probably. As always depends somewhat on how the stock is trading. I'll be in and out before blank is back. sf

To: Madharry who wrote (9987)	6/25/1999 11:57:00 AM
From: Andrew H	Respond to of 30916

Steve, interesting thoughts about wireless!

To: Madharry who wrote (9987)	6/25/1999 3:31:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 30916

I believe the internuts have bottomed Armin, FWIW...the internets may be thinking about a new leg down. Any disappointment in internet earnings and I suspect they lose another 25-40% selectively in the August-September time frame. Not a prediction yet, but I've been following them closely lately and in my opinion they are trading very skeptically. IPO market seems to continue to worsen also. I think I'm staying on the sidelines with IDT for now. On the surface it appears that shorting activity may be offsetting some block buying. This was the case yesterday also. I suspect many are looking at other examples of backdoor IPO's and will not buy till the dust settles. I would expect some kind of upside next week and a sell on the news, but as I said, selling pressure seems to be keeping buying in check. FWIW, I'm getting into selected tech bluechips for a hopeful rally after the big meeting next week, and will likely carry an OEX straddle also. Good luck with 'er Armin. sf