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


To: 613 who wrote (18762)2/21/2000 6:05:00 PM
From: BinkY2K  Read Replies (1) | Respond to of 30916
 
613: many shorts are anti-momentum players.

I can not make believe I understand the alien minds of shorts. Others may be able to answer you.

But, you know how some longs are momentum players? They only buy after a stock has run up and assume it will keep moving and they can sell to a bigger fool?

Some shorts are like that. If a stock moves up rapidly, they figure it will be dropping back. If it continues up, they just short some more. Actually checking the internals of the stock to see WHY it has moved, or whether it will move further, seems a waste of time to them.

Can the AOL deal fall through? Of course there is some possibility, not high. But, they don't understand that IDTC was worth at least $60 before moving up a mere ten points on the rumor. Even if the AOL deal is cancelled, IDTC can release the plan and head for 60. So, the shorts are not just fools, but damn fools.

I refuse to try to explain their inability to see reason.

But, are you sure we still have lots of shorts? Are they the old ones that got blasted, or new ones.

H60 pointed to a link on Yahoo of news that I find very amusing so the morning may be violent. too bad I have a dental appointment and will miss much of it.

I still think IDTC is the place to be, not NTOP, but NTOP folks may get a nice pop, too.

Bink the IDT_Bull