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


To: kennbill who wrote (4451)4/10/1999 5:53:00 PM
From: Steve Fancy  Read Replies (4) | Respond to of 30916
 
Some of you guys crack me up. Takes all types I guess. Dark cloud? I'm not short, but I also live in a little more realistic world than many here, and I'm not married to this stock. I didn't suggest anything other than a combination of potential general negative sentiment and recent characteristics of this stock leave a substantial possibility the stock will go down rather than up out of the gate next week. Further as I suggested, the market cap already exceeds the suggested combined market value of IDT and the spinoff by 30% and there aren't even any details yet. The moment it appears to stall it'll be subject to profit taking and hungry shorts to boot.

Excuse me for sharing my thoughts, but I know some appreciate the more cautious approach. I'm ready to average my pricey JUNE 20 call options if it drops.

sf