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

To: Hawaii60 who wrote (13358)	8/23/1999 5:11:00 PM
From: wl9839	Read Replies (1) \| Respond to of 30916

OPTIONS-IDT Corp. vols dip, volume rises CHICAGO, Aug 23 (Reuters) - Implied volatility dipped Monday in options on IDT Corp (Nasdaq:IDTC - news), with puts holding at higher volatilities than calls even as the stock rose. Implied vols for the Sept. 20 calls slipped back into the 90 percent area, down from just above 100 percent Friday, while the correlating puts hung at around 97 percent. ``They should be around 100. Why are they lower?' said one options strategist. He figured that investors might be selling calls against long stock, possibly as downside protection. ``It looks to me like they're sellers of the calls and buying the stock,' he added, also noting the wide spread between put and call vols. ``There's a more bearish tone.' Volume also picked up Monday in the Philadelphia Stock Exchange option. By 1415 CDT/1915 GMT, roughly 3,240 calls and 470 puts had changed hands, well above the more-typical daily turnover of roughly 650 to 800 contracts traded daily over the last month. Still, the analyst noted, volume in late July swung broadly from a daily low of 244 contract to a one-day peak of about 3,400. The Sept. 20 calls rose 1 to 2-3/4 on volume of 820 and open interest of 1,580, and the September 22.5 calls firmed 7/16 to 1-3/8 on volume of 759 and open interest of 577. The Sept. 20 puts dipped 3/4 to 1-3/4 on volume of 47 and open interest of 514. In late June, IDT vols and volume had spiked upward amid rumors that the telecommunications company might be a takeover candidate. IDT Corp. officials at that time declined comment on the rumors. Shares of IDT Corp., which owns 57 percent of Net2Phone Inc. (Nasdaq:NTOP - news), were up 2-11/16 at 21-1/2 on Nasdaq market volume of 2.7 million. Net2Phone shares rallied 36 percent Monday, one day before the end of a legally mandated ``quiet' period barring comments by the company or analysts after its initial public offering. Copyright ¸ 1999 Reuters Limited. All rights reserved.

To: Hawaii60 who wrote (13358)	8/23/1999 5:18:00 PM
From: Madharry	Read Replies (1) \| Respond to of 30916

Happily my recent purchases ,though unfortunately premature,are now in the black. Looks like the short-sellers have stamina. visited the Mr. Pink and Anthony threads and saw no comments about hara-kiri. BTW Anthony was suspended for something or other not related to NTOP or IDTC.(I think). Then again maybe they haven't been contacted yet. when do margin calls go out? I am brazenly predicting that IDTC will be higher at the close tomorrow than it closed at today.

To: Hawaii60 who wrote (13358)	8/23/1999 6:48:00 PM
From: blankmind	Respond to of 30916

citing the text and heck, the text from cbs is a great read: Net2Phone Shares of Net2Phone (NTOP: news, msgs) surged Monday as the Internet telephony specialist's quiet period neared its end. The company, which has backing from Softbank, General Electric and America Online, saw its shares climb 11 5/8, or 33 percent, to 47 1/8. Compaq (CPQ: news, msgs) recently said it's working with Net2Phone on bundling its Internet calling software in computers shipped overseas. Also, Sprint (FON: news, msgs) has been testing a discount calling service using Net2Phone technology, according to press reports. The company's quiet period ends Tuesday, when Chief Operating Officer David Greenblatt is scheduled to appear at the Telecom Business convention in New York. Shares of Net2Phoneparent IDT (IDTC: news, msgs) gained 3 5/16, or 17.6 percent, to 22 1/8 on Monday. IDT owns about 27 million shares of Net2Phone. Based on Net2Phone's current value of about $47 per share, IDT shares in the Internet phone specialist alone are worth a stock price of roughly 40. Currently, however, IDT is trading at 22 1/8, its closing price on Monday.