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


To: Augustus Gloop who wrote (6843)4/28/1999 9:55:00 PM
From: blankmind  Read Replies (1) | Respond to of 30916
 
i watched it earlier in the day, and did not see the close. i will bet you saw many short term traders selling at 30 with naz down big to protect profits, and day traders exiting, with mr large accumulator sucking up the shares for the final time on tuesday.

that is accumulation, and the way the big boys play. they do not put out an order on idtc for 10k, they pick off the sellers, and do it in small blocks.

good luck, and thanks for filling in more information.

the question remains as to whether the accumulation will continue tomorrow.



To: Augustus Gloop who wrote (6843)4/28/1999 10:06:00 PM
From: Hawaii60  Read Replies (2) | Respond to of 30916
 
I saw it,. It was clasical movement one would expect with accumulation and cooperation between one or more mm's

IMO tomorrow and Friday should be VERY good days.