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


To: SteveJerseyShore who wrote (17701)12/29/1999 2:03:00 PM
From: Hawaii60  Read Replies (3) | Respond to of 30916
 
Steve, FWIW, I think the pressure on the stock right not almost solely has to do with tax selling on NTOP. Due to the fact that NTOP was run up recently to as high as $75 on the roadshow and then jackhammered back down by H&Q. There are A LOT of folks looking to take the tax loss. That in turn is hitting IDTC. So, although I too would like an opportunity at that price. My feeling is that the last best opportunity to buy at lows is today and tomorrow. After the end of the year with the tax selling pressure gone, I think it likely to immediately start trending back to the 24 range and ntop to 58 range without news.



To: SteveJerseyShore who wrote (17701)12/29/1999 3:03:00 PM
From: BinkY2K  Read Replies (1) | Respond to of 30916
 
Steve, 18!

I would have disagreed with you earlier that 18 was possible. But, my last buy today was at 19 3/4 and the low is 19 5/8 as NTOP dies slowly. I am now thrilled I slowly bailed out of NTOP in the mid and high fifties.

But, I won't bail out of IDTC. I don't know how many shorts are left, but we could have enough in both stocks to get a nice pop if they get squeezed.

With my other favorite, REFR, I am seeing a nice squeeze today that I engineered. I kept the pressure on and raised the stock for days and stopped buying at 13 1/16. This got new people in and the shorts panicking once they figured out the old days are over. It is at 15 1/14 and rising and was 9.5 this MONTH! The volume, for this stock, is astounding.

I would like to see IDTC gain such momentum as folks see how beaten down it is and blind-side the shorts and bring us to at least 25 by Friday at 1. Then, next month, we could see the real rise.

But, I don't really want any more shares, and 18 would be intolerable for so many people that I hope your wish to buy at that price does not come true!

Bink