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

To: Peter Yang who wrote (4850)4/13/1999 1:00:00 PM
From: blankmind  Read Replies (1) | Respond to of 30916
 
i think you see mm bringing down the price so as to close out options at the least painful price they could.



To: Peter Yang who wrote (4850)4/13/1999 1:34:00 PM
From: Andrew H  Respond to of 30916
 
IMO, daytraders, MMs, profit taking from the run to 32 from 18. Nothing goes straight up--we were bound to encounter some profit taking.

Only good news is on the horizon as far as I can tell. The people I know were buying at 27 and 28.

However, something unusual is going on today, IMO. Very heavy volume during the middle of the day. Lots of positioning for future news going on amidst the profit taking.

It will be interesting to see if we can close at 30 or better.


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