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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (11291)8/25/1999 2:28:00 AM
From: TRIIBoy  Read Replies (2) | Respond to of 18998
 
TRIIBoy issues a RUN FOR THE HILLS THE CATTLE ARE DYING rating on IDTC.

Stock has run up thanks to an impressive short squeeze of NTOP. NTOP's rise has been totally liquidity driven in that NTOP has only 5 million shares float out of 48 million oustanding.

IDTC is much easier to short than NTOP because it has 14 million shares float and will surely fall once NTOP comes back to earth.

Don't look at the "inherent value" of IDTC's NTOP holding. That is a ruse. The market realizes that IDTC could never sell at NTOP's current price and that is why IDTC is not at $40 or anywhere close.

In summary, IDTC is a safer way to short NTOP than trying to commit suicide by shorting NTOP.



To: RockyBalboa who wrote (11291)8/25/1999 8:14:00 PM
From: RockyBalboa  Read Replies (1) | Respond to of 18998
 
Maybe it sees $62-$66 the other day but the decline in the 2nd half makes it less probable.

$70 ($72), what do the guys think? Isn't that insane??

My prediction wasn't too bad that it "might" go up. Indeed. But so did: NTRO EELN EFNT COVD...

Remembers me on the old crazy April days.