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


To: Jules B. Garfunkel who wrote (30204)3/24/2004 3:33:13 PM
From: Art Baeckel  Read Replies (2) | Respond to of 30916
 
Jules, I had a small loss last year with IDT when I got out of it just before it went over 20 to stay. I said "almost". My small term capital gains on just these 2 stocks exceeds 30k for the last 2 years including IDT. I stand by that I think NTOP is a pig. I do however expect some news to give it the pop I need to get out. You have to admit that whoever it was that took this thing to $8.39 is not in the majority here now. The true values always come back when the dust settles is "what I'm trying to shovel". I have no intentions on fueling a fire with you or anyone else here. When I bought 10,000 shares @5.80 was when it was coming off a strong hold of 7.20's day or so before. So as I said when a stock drops from 7.20 to 5.80 (aprox. 20%)in a couple days I thought it would pop back up. Instead the pig that it is shows it's real colors by almost continuously losing value for the next 2 weeks from my initial investment. What other reason could a stock have for dropping so quick without any new news that is negative. It was run up by the exposure on CNBC. That's a fact because after Greenberg spoke the volume and price went crazy. Even you can't deny that. If you believe I owe yah an apology because I offended you then you got it. I really don't mean to do that. In conclusion, I still think that this pig will end up making me money before I get out. Remember, shorting keeps the true value in tack. For instances like CNBC which helped promote this stock to an unreasonable value IMO. I would love to see a takeover with this company because that is the only hope I see for the long term longs. Not the short time longs like me. Let's bury the hatchet and keep the posts coming. If yah notice even though I'm long I'll still post things that are negative. Like not seeing NTOP mentioned in articles,etc. See yah, ART