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

To: Andrew H who wrote (6818)	4/28/1999 6:04:00 PM
From: Steve Fancy	Respond to of 30916

Andrew, I watch the stock trade everyday. I have tick by tick quotes and there were no block trades today (10K or larger). One yesterday just after 4:00. FWIW, since I have followed this stock average daily block trading is probably 1-2 with many 0 days. I can print you up a list of block trades going back as far as you would like to see them. As far as Amazon, the conference call sounded bad. We'll have to see. sf

To: Andrew H who wrote (6818)	4/28/1999 6:11:00 PM
From: limit	Read Replies (2) \| Respond to of 30916

I checked the log and the largest trade was about 9k. However there were many many 5k trades. At $150k a pop these were not retail types! Thanks for all of the informative posts. The shake out is over.

To: Andrew H who wrote (6818)	4/28/1999 6:12:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 30916

(OT) In fact, Amazon closed on NYSE at approx 193 down 13 points on the day and sold off another 7 points after hours. We all know that after hour traders can be as foolish as hyper threadsters, but the story going forward is sad as I understand it. I think this stock could go to 100-120 over the next couple months and I will likely put my money where my mouth is tomorrow. It is generally against my nature to short, but some of these stocks are so incredibly overvalued they serve as a great hedge against tech long positions. regards, sf

To: Andrew H who wrote (6818)	4/28/1999 6:17:00 PM
From: Steve Fancy	Read Replies (3) \| Respond to of 30916

Shoot (OT)...AMZN at 177 now, darn. I think there's another 50-70 points to go easy. Unfortunately a lot of new investors may get wiped out on these INETS before this is over. sf

To: Andrew H who wrote (6818)	4/28/1999 9:18:00 PM
From: blankmind	Read Replies (2) \| Respond to of 30916

andrew, i am not looking for a fight with you over what clearly was accumulation by one or more large investors today. accumulation rarely occurd wit some one placing a trade for 10k, 30k, 50k,... unless the stock trades in this type of volume, then it will not be noticed. idtc today had shaes sucked up in vast amounts in spurts, that is what your graph shows. if you followed on lvl 2, you would have seen all the asks taken out, and kept taking out for a short period of time. hence, what occurred was accumulation by taking out the ask. this happened several times today. each time thousands of shares were purchased from the small investor by the accumulator by continually purchasing blocks at the ask. the purchaser would stop, and do this again later. hence small investors had there pockets picked by a large investor accumulating, and the novice investor looking for large blocks, fails to see the accumulation which was done in small blocks, but if you examine your chart, added up to thousands of shares. it will be interesting to see if the accumulation continues tomorrow. whomever is purchasing has very deep pockets.