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


To: Ronald Ashkenazy who wrote (1500)1/19/1999 3:00:00 PM
From: Andrew H  Read Replies (1) | Respond to of 30916
 
Ronald, I saw the downgrade.

They are a bit late.

IDTC is now an Internet stock!

And Internet stock that is actually profitable.

ROFLMAO!!!!!



To: Ronald Ashkenazy who wrote (1500)1/19/1999 3:09:00 PM
From: j g cordes  Read Replies (1) | Respond to of 30916
 
Lazard Freres & Co.. has made a classic mistake of joining the pack when a stock drops. It wants to be on record with a hold when investors compare the price of the stock with their recommendations.

If L&F were any good at judging the price/value of this stock they would have dropped their buy 9 months ago. Any of their clients holding through this period would have severe losses.

Conversely they are now missing the obvious opportunity to recommend a long position so that new clients can make money on a depressed valuation.