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


To: Condor who wrote (2316)3/3/1999 10:26:00 PM
From: Bill Lotozo  Read Replies (2) | Respond to of 30916
 
I have traded IDTC for a profit (recently bought in the low teens and sold in the low 20s, and last year I bought in the teens and sold in the 30s) but I also hold some long shares (including some I paid $20 for). The pre-annouce caught me by surprise & unfortunately I've watched the price sink since then while I was *hopeing* for nice news today. Now, it is too risky for me to keep all my shares so I'll sell half tomorrow.

I figure IDT is probably close to its bottom. It will go up on rumors or actual news. Without that, it will sink to 10 or maybe even 6.

If all the hype ends up being just that, I'll bail and wait to pickup the shares at single digits. But, it is fun to hold some and hope my loto ticket wins.