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

To: Hawaii60 who wrote (13371)	8/23/1999 10:25:00 PM
From: blankmind	Respond to of 30916

IMO initiating a short position in IDTc at this time was suicidal. The stock just closed above its 200 and 50 day MA today and could take out 100 tomorrow. The chart hasn't looked this good in a long time and arbitrage will start playing an important roll in 5 more days. Right now if yu buy idtc, it is like they are paying you $17.00. If this maintains, an efficient market will transfere the value to IDT and you will be road kill IMO. shorting idtc? crazy. finally we may see the short cover rally, assuming idtc can break past 26. clearly we have been seeing the mm's accumulating for whomever since pre 15, when they would sit on the bid and soak up hundreds of thousands of shares. the rapid climb from 15 caught everyone by surprise after moving on such low volume. one must wonder if the float is drying up. although i must disagree with you $17 statement, since this assumes the isp, backbone, portals, cards,... are worth zero, although idtc will be a 1 billion dollar rev biz. hence, i would argue they are giving more than 17, and who knows, if ntop continues to soar, and idtc does not close the discount, mgmt might decide to realize the value of ntop for shareholders of idtc by spinning off ntop shares (secret fantasy).