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


To: Secret_Agent_Man who wrote (3052)3/23/1999 12:36:00 PM
From: Steve Fancy  Read Replies (1) | Respond to of 30916
 
Crusader, look at the chart...take a look at what happened on the Yahoo announcement. Stock ran up on Netscape...anything short of the much rumored IPO announcement and this stock will likely drift lower. As far as I have been able to determine sentiment on this company is already generally down, and they are suffering from some loss of credibility after recent earnings. If the IPO annoucement comes sooner than later it should put the stock in check, otherwise I would expect potential for continued selling especially as tech sentiment sours in the heat of earnings warning season. I hope you are right with your predictions for this week, but I have been here and done this....though still haven't convinced myself to hedge or bail again.

You can be suspect all you want. Seems with you it's always the shorts or the MM's. I've run into your type before.

Good luck,

sf