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

To: Tim Cruise who wrote (13592)	8/26/1999 8:47:00 AM
From: Mark Peterson CPA	Respond to of 30916

Tim, just getting my feet wet for the moment. I bought 10K shares of IDTC yesterday at an avg of 27. Sold the Dec 35 calls on roughly half the position for an avg of 4 1/2. Takes some of the risk out of the position, IMO. But if the stock gets called in December that's approx a 49% return for 4 months. Will probably add more today. The key to all of this, of course, is where NTOP finally settles - at 35 or 105 or somewhere in between. NTOP's float has exascerbated its price movement. But even at a price of 35 for NTOP, the math looks quite sporty. Best trade I've seen in a while. Mark