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


To: unclewest who wrote (1732)1/31/1999 4:57:00 PM
From: Tibor  Read Replies (3) | Respond to of 30916
 
"Word on the street is Warren Buffett is on an internet buy!!!
Reports are that Berkshire will start acquiring shares of TMP
Worldwide (TMPW) and internet pioneer IDT Corp (IDTC). According
to Mike Farmington, Buffett started buying shares of IDT Corp at
$10 per share and has continued to buy on the uptake."

I just came accross this. I am not sure of the source, but it sounds
interesting. Buffett missed on the internet hype and may want to
benefit with a "safe" play.



To: unclewest who wrote (1732)1/31/1999 5:00:00 PM
From: StockMiser  Read Replies (1) | Respond to of 30916
 
Smart money already sold PRFM. The website is now anti-climactic. Go pump your $.50 stock elsewhere...
....
Now...back to IDTC. My only regret is I'm only holding 2K shares (all under $11). I have so much faith IDTC will move into the 16-18 range within the week, I have a buy order in on any dip to 15 to double-up my position. It is nice to hold a stock based on an upcoming IPO who's current price really has nothing to do with the IPO. I don't think the market has even begun to price in the added value of the IPO.

IDTC is one of the few "value" internet stocks left on the ISDEX.