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

To: 613 who wrote (20074)4/12/2000 3:47:00 PM
From: savvyguru  Respond to of 30916
 
613 - someone posted on Yahoo last week that IDT was a "safe haven" from the crashing Naz, and in most respects, they have been correct. Many of the stocks I follow have been in a freefall today. IDT is holding pretty firm, considering there must be extreme pressures on many to sell due to Uncle Sammy/April 17th and margin concerns.

I have trimmed my portfolio today, mainly DOW stocks that are not tech stock related, but can't decide what to do with the proceeds. I don't think anyone can go wrong buying IDT at this level, given their recent deals with Liberty and AT&T. I also believe there are a number of can't miss stocks on the Naz right now but have we found the bottom yet? A good argument exists that the bottom will not occur until mid-next week. So, what to do, what to do?

Savvyguru



To: 613 who wrote (20074)4/12/2000 5:59:00 PM
From: blankmind  Read Replies (1) | Respond to of 30916
 
unfortunately idtc seems to have some of the worse timing. they finally get the plan going and the market tanks. if not for the plan, idtc could be in the low teens or even single digits. so in a sense they came out with the plan in time to at least help support the stock.

i am considering buying more tomorrow. i was not around today or would have. unfortunately the selling is irrational of idtc right now, but i prefer this to some bad fundamental reason.


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