Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: savvyguru who wrote (22941)	1/2/2001 3:46:26 PM
From: 613	Read Replies (1) \| Respond to of 30916

I would have thought that all year end tax loss selling and margin selling due to the drop would have happened already. Anybody know of any other company selling for this much below cash value? I don't believe the management wants it to go lower but obviously nobody is buying and nobody will without better direction from management (don't think they care though). With all the cash they have, they must try to create another NTOP (miserable attempts so far including tv.tv) or buy a solid company with tax losses they could use which shouldn't be too hard in the current environment. I would guess that if they don't buy a compnay within the next quarter, they never will and HJ will be content to sit on the cash thinking away while the stock price continues to sink.

To: savvyguru who wrote (22941)	1/2/2001 4:09:56 PM
From: Herschel Rubin	Read Replies (2) \| Respond to of 30916

NTOP up 6.8% today... Nasdaq down -7.22%. That's a good start for NTOP for this year! May portend better things ahead for NTOP... NTOP was the only thing in the green on my screen today. Savvy, I think you're right about the margin liquidation driving a lot of today's decline in the overall market (and perhaps in IDTC, although IDTC didn't have a major decline in the past week to trigger margin calls). A lot of investors probably got together with their relatives over the holidays and reinforced each other's unfounded fears: "I heard on CNBC that we might be going into a recession! Oh no, I better dump my shares as a New Year's Resolution before the sky falls." Most people in America can't even define what a recession is! (Two quarters or more of declining GNP). So they're especially afraid of something they don't understand! What they don't know is we have a large Tech Sector Inventory problem that will be worked thru... not a recession. Especially with such high employment.