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

To: vinh pham who wrote (7007)	4/30/1999 11:29:00 PM
From: Hawaii60	Read Replies (1) \| Respond to of 30916

A very credible post from yahoo from a poster who is credible and has been around a while. I was one of thos 10K block trades.... by: TonySav 57042 of 57176I bought 10,000 shares at 30. I kind of chuckled when i read yesterday, and i'll quote- " Did you see that 10K traded ? Was it a buy or sell ? " If anyone knows charting on this board they'll agree with me on what i am about to say. Within the last 2 months we all know there is something going on with IDTC. ( The chart shows it) 16 trading days ago IDTC gapped up from a close of around 24 to 29. Stocks do not gap up for no reason. IDTC then came back and tested 23-24. This is called backing and filling. Perfectly healthy !! This is where all the scared money gets shaken out ! IDTC is also forming a flag pattern. When a stock breaks to the upside it usually fly's. Look at the last flag pattern one month ago. IDTC broke out and went from 17 - 35 100 % return in 5 days.Now we are a 30 stock. When we break out of this flag patternwe could see 50-60. I like to look at thing conservatively. The mid to high 40's seem reasonable. That's 150,000 profit for me and in only 1 or 2 months. ( Are you guys motivated for next week yet? ) Now IDTC has found a happy medium trading range between 27 1/2 - 31. More scared money and impatient money slowly pours out and smart money loads up as price dips to lower end of newly formed trading range. Between the MACD trending downward and ALL the presure on the net stocks this week- IDTC held up rather well. Lets all sit back , stop bitching , let IDTC form a base (The longer the base the better ! ) Lets all get up from our computers and enjoy a stockmarket free weekend , then real soon we'll all enjoy a run to the mid to high 40's (maybe even 50 -60+ once the daytrader join back in) Good luck all ! TonySav