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


To: Hawaii60 who wrote (10265)6/30/1999 10:41:00 AM
From: gerard mangiardi  Read Replies (1) | Respond to of 30916
 
H I'll feel better when we see some real block activity sustained for a couple of days. I'm talking 50-100k blocks. So far if any funds are buying they seem to be very small or maybe one fund is buying in small pieces.



To: Hawaii60 who wrote (10265)6/30/1999 10:53:00 AM
From: Steve Fancy  Respond to of 30916
 
Easy, I don't like the way it's trading. The block buying was not excessive, just unusual volume. Only one day I remember with a significant net gain of buys vs sells, though these numbers certainly don't always tell the story.

The fact is, the stock is basically near a low since the IPO energy kicked in. As I said, still long, but nervous. Didn't listen to myself last time and the stock fell below 20. You also appear to have shorters in force. I suspect they'll be all over the IPO if if appreciates. In my mind the beef remains with IDT. I have no idea how NTOP plans on making any money in an environment where rates seem to be headed to 0...though maybe they just haven't shared the details yet.

sf