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

To: TRIIBoy who wrote (11345)	8/28/1999 9:16:00 PM
From: Hawaii60	Respond to of 18998

You feel lucky? go ahead, make my day. Your brokers going to puke when he sees whats left of your short account.

To: TRIIBoy who wrote (11345)	8/29/1999 4:02:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 18998

The fallacy of IDT seen as cheap is the same as with MALL (after the uBID IPO). While Ubid hit $189, MALL traded up to $60, again at a steep discount and that happened with a tighter float and a simpler balance sheet (than IDTC). Same story, and even with the spinoff proposal (which went through), it took a while until the discount evaporated. That means, at $28, IDTC is an even better short ... (Nearly the same situation exists in ICIX/DIGX). ICIX owns 50Mill of DIGX hence one for one ICIX share).