To: Steve Fancy who wrote (4445 ) 4/10/1999 4:03:00 PM From: blankmind Read Replies (1) | Respond to of 30916
1. dj news wire many did not see it until late afternoon, because it was released initially on the east coast towards the end of the day. on the west coast, it would still be early afternoon. for hawaii it would still have been morning;-) Japan's Softbank May Invest In IDT's Internet-Phone Business April 09, 1999 4:38 PM 2. cbsmarketwatch has taken an interest in idtc. they broke the story with softbank, top 10, movers and shakers, stocks to watch monday.... 3. clearly many news services have not picked up on the story, including bloomberg. 4. i thought friday trading quite interesting. it seemed the mm were sucking shares out of those without a clue as to the news early on in the morning, especially those who had held the stock and were more than happy to take a small profit. hence, still no institutional selling. 5. with the current volume, expect an upgrade coming. hopefully, it will not be to a "hold". 6. i see no reason we could not drop below friday's low. much of the what we speculate is still rumor including: ipo, aol?, prodigy, ibm, domain name registration,... and other items, it might be tempting to sell not believing the rumors. ofcourse, buyers might prevent the drop. 7. market cap of over 1b makes it eligible for more funds! n2$$ could easily be valued at more than 1b. and prior to anyone valueing n2$$, idtc was once worth 1b. 8. recheck the charts, little news, and idtc has been running. easy to claim people new about the marketwatch news. even before the marketwatch news, we were testing 25, on no significant news. 9. 60 days for 36-40. this will probably be done monday. idtc is the leader in the internet telephony and is lining up major hitters for the ipo, as people do their dd discover. n2$$ will be a major ipo. 10. shorts delight. if idtc keeps running, shorts will be adding fuel to fire, since everyone knows investors love internet stocks, and shorts will be covering. no squeeze, just a nice orderly rise in the price. good luck. 7.