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


To: blankmind who wrote (7019)5/1/1999 8:44:00 AM
From: Hawaii60  Respond to of 30916
 
<this has been one of the surprises this week. many have speculated with no more news we would slide back to 25-26 range, yet even with decreasing volume some days, the price has not wavered much. it does seem sellers dry up as the price reaches 28, even on low volume days, and even during friday's selloff on the naz, idtc held up. >

That, of course was my point. Indeed it was even better than that. We actully gained a point on the week with the nasdaq selling off 50 points or more on 3 or 4 of the 5 days. Too me, that says the back filling was accomplished. People are comfortable holding at these prices and there were buyers every single time the stock attempted to go down.