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

To: Andrew H who wrote (6841)	4/28/1999 9:43:00 PM
From: blankmind	Respond to of 30916

i watched some of the accumulation from lvl 2. your chart shows the large amounts suddenly purchased, and the corresponding price spurt. 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. no large block trades, just many many small trades taking out the small orders from small investors. 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. or if you watched on lvl 2, you new the thousands and thousands of shares being rapidly purchased on the ask were not me or you:-) it will be interesting to see if the accumulation continues tomorrow. whomever is purchasing has very deep pockets.