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

To: blankmind who wrote (3409)	4/4/1999 2:43:00 PM
From: Hawaii60	Respond to of 30916

Blankmind, while you were away, I changed mine two Softbank and two other companies of similar clout. (if it matters). Best Regards.

To: blankmind who wrote (3409)	4/4/1999 2:49:00 PM
From: Hawaii60	Read Replies (1) \| Respond to of 30916

I believe most of it (the increased short interest) can be attributed to folks who were already short, increasing their short position (or averaging up, so to speak). In coming to understand the mindset of the short, I now understand that they believe just as fervently and get just as caught up, as longs do. To them, if they shorted at 12, well then, an opportunity to short at 18 cannot be passed up. They then hope to cover the whole thing at 15 or better. Actually the more short interest the better. Although it keeps the price lower short term, ultimately it will really help rocket the stock. These same people will cover like CRAZY at 20 or above and covering alone will have us in the mid to upper 20's IMo

To: blankmind who wrote (3409)	4/4/1999 3:19:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 30916

Has anyone called using this.?......http://www.net2phone.com/english/

To: blankmind who wrote (3409)	4/4/1999 3:26:00 PM
From: Doug F	Read Replies (3) \| Respond to of 30916

Reasons 4 & 5 seem strongest to me 4. As Hawaii just mentioned, shorts at low and mid-teens could well be heavily short at current levels. Those with the view that "this stock is a dog" had their belief positively reinforced (borrowing from psych 101 here!) when they made money shorting at lower price levels. Why not add aggressively at the 18 level? Management is now known for crying wolf (using words like "imminent") and not coming up with the goods. And, per point 2., this is overvalued as a telco. 5. This was the reason that first came to mind for me, too. When a stock comes to a pause at a recent price high, and you're holding a profit long, there's every reason to hedge. Although I'm not doing it here, if the stock accelerates to 22/23 and pauses, I'd consider taking out an off-setting short, ensuring that I lock in gains and can stay long through a quick pullback and another rally. I'm sure many who got in at 12 are thinking the same thing here at 18. However, I'm thinking options may be a more likely method of doing this...thoughts?

To: blankmind who wrote (3409)	4/4/1999 4:23:00 PM
From: Secret_Agent_Man	Read Replies (2) \| Respond to of 30916

blankmind, here is a reasonable perspective on the short interest from a yhoo poster...imho "Eldarr, Every Short Is Another Cover Soon kennedy__style__entrepreneur Apr 4 1999 4:07PM EDT I think the increase is accountable primarily to two factors. First, some ingrained behavioral pattern with this stock, when it goes up, they short. It wouldn't surprise me if some of these are peopl who shorted at 12, thinking they can make up lost money. Second, they bet against the ipo/spinoff and articles like raging bull probably ruin their breakfast. Ultimately IMO it doesn't matter much right now. The major news matters, and when it comes the stock rises even more with short covering. I never short any stocks myself, but the time to short idt is AFTER the news comes out and BEFORE Net2Phone is publicly traded. I wont do it, but those who shorted idt most recently dont understand there is a new dynamic at work (shorts were disappointed we didn't tank after earnings this time). The problem with shorts is they underestimate Howard, while there are thinks I would do differently, this Net2Phone is a big league business, it is about to ride the wave, any way they cut it the deal is going to be big, and I cant think of a dumber thing to do than short a stock before a major internet ipo with a major corporate investor or two. regards, kse" cheers