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

To: Shtirlitz who wrote (2759)	3/16/1999 9:22:00 PM
From: Secret_Agent_Man	Respond to of 30916

Here's my take on the current situation...Simple really, in the run to 20+ there was short selling going on all the way up...smarter people sold some or all of their position and are perhaps taking a wait and see or perhaps gone entirely... I have not sold a share...although I had given it some thought...but, when I try to think where to put the money from the sale I am at a loss since I'm not a mo-mo trader anymore... the grass really is not greener.. As to what is going on #1, the float is Not 13 Mil... it's @ best 2 Million...ask CIBC, Merril, or AlexT Brown, what the float really is their research dept probably has a good handle on the #'s so with the 7+ mil day and the 2 3-4 mil days alot of shares were sold short and the only way to get covered is to scoop us stops and reel in the weary and panicked before the NEXT NEWS? whatever that is? and whenever that is? folks are waiting to hear about the bla bla blah...news and have not the mm's see this as an opportunity to get covered ie.. no news..or not the "right news" to get the price down and cover, it's well orchestrated in my opinion however, I remain unaffected because I don't need the money @ present... And until we get some form of confirmation that the DEALS are indeed going to happen we'll be slowly walked down the price ladder...forget about the "need to be above a certain MA...that's Bull, the delays are for whatever reasons...I suspect it's taking time...and those in the know are just biding their time while nibbling away @ shares creating a futher shortqage... My problem is timing and work I can't be 2 places and focus on my job and the market... so I sit tight...no pressure from margins etc...so it's not a problem waiting. However, I was not the one that said "Imminent event", nor was I the one that said "you'll hear from us shortly"... Both connotations imply a defined time frame which to me has passed...others may disagree...no matter... It's just a tad frustrating to say the least...I take (solstice)(solace){whatever}, in the fact that as a "long", I have the time to wait it out be it 3-7 days or 3-6 months, the bottomline is that it will happen and I'll be here when it does, but, the misleading statements made by mgmt does little for credibility... today's news was important but, in fact all it really said was that IDT tried out Seimens stuff, and it worked...on IDT's network, the question I would have is were the new XNET switches installed on the network they employed to validate seimens tools? Funny, thing is that when they could not frre up shares at a certain price they raised the ante, so to speak to garner what they could... now that those shares have been reeled in they will drift us lower on no news or no significant related news and In fact the "BIG NEWS" wil probably be "anti-climatic" and only time will heal, the broken IDT...It's going to take, some serious moves by PR and Mgmt to get this done in a hurry, ie. before this month ends and we go into the april fools sell off... all of the above is my humble opinion cheers