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


To: Hawaii60 who wrote (4917)4/13/1999 11:46:00 PM
From: Bill Zeman  Read Replies (3) | Respond to of 30916
 
Hawaii

You're wrong when you said,

<<<The only people who got exectuions today at those low lwevels were the mm's.>>>

Over 100,000 shares traded hands below $27 today. If I had had a limit order in with Schwab anywhere above 26 1/4 it would have filled. I have seen this work before many times. Your comment about MM's is indicative of a common sickness among SI junkies. Let's call it marketmakeritis. People with this disease are usually unhealthily in love with a stock, and so whenever it goes down, they NEVER think it is because investors are actually selling the stock, but it is those evil market makers, (mm's) manipulating the stock price lower so they can steal shares from the scared foolish small investor.

You can laugh all you want at me, but one thing is sure. The cash I have from the 1/2 of my IDTC position that I sold at 30 1/4 is worth more than the equivalent amount of shares that you now own at 28 7/8.

Well, I better tack this on at the end. I hate quarreling with you, so good luck to you too. May IDTC go to $50 by weeks end. We'd all make money and all be happy.

Bill Zeman
28 7/8