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

To: blankmind who wrote (4811)	4/13/1999 8:22:00 PM
From: Bill Zeman	Read Replies (4) \| Respond to of 30916

Blank Interesting theory about people buying the wrong stock. I doubt it though. People are almost always pretty careful when they are making purchases valuing in the 100's or thousands of dollars. I think today we finally saw what I was looking for, namely a 50% correction from the near term high. With a move from 16 to 36 we should see a $10 correction which would be $26. Yesterday's new high changed the necessary number from $22 to $26. Uncanny how this 50% thing played itself out today with a low of $26 1/8, huh? This stock is moving fast. Normally this fibernacchi, (sp?) elliot wave stuff takes more time to work itself out. Hot tech stocks are fast like this though. I really think what we saw here was left over enthusiasm from the Softbank story on monday, and then the expected/necessary correction today. From here I expect it to float in the $25 to $29 range until more news pumps it up again or bad news brings it down. With a volatile tech stock like this has become though, one really never knows. I may put in an order to buy back my shares at 25 1/4 or 26 1/4 tonight. I'll have to think about whether or not to do that or be greedy and hope for a pull back even lower. Any advice? Bill Zeman 28 7/8