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

To: blankmind who wrote (6927)	4/29/1999 9:23:00 PM
From: blankmind	Respond to of 30916

the wild card factor: many people expected idtc to falter and pull back to the 25-26 range since the consent was extended, and without more news. instead idtc finished today at 29 (friday's close of 30 5/16), even without the news everyone wanted, hence we would not receive any other news thus the price should have pulled back. we have had many small investors sell this past week, and some one accumulated the shares. many who sold, probably expected to get back in at a much lower price than where we currently are, expect them to purchase also tomorrow for fear we have news on monday before the market opens. although we knew we would have to wait one more week, we have only lost 1 1/4 points from friday's close. clearly not what any of us thought would occur without some news to keep the price up. last friday we we finished up almost 3, and we have a good chance to have another friday where we finish up 3 after a lackluster thrursday (deja vu). good luck