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

To: Condor who wrote (8265)	5/24/1999 12:10:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 30916

All longs are disappointed from today's action I'm sure. This thread has a nasty habit of badmouthing the more cautious that to date have been on-target while the bullish have been waaay off base. Even I got temporairly carried away with the news last week. Over the longer term IDT shows promise as a great investment, but the internet fever is waning...exactly as I predicted here about a month ago after the AMZN conference call and got slammed by everyone. Further, the nature of these spin-offs is becoming obvious. These are not long term investors, they are folks hoping for the huge 70 point pops, therefore the fever does not appear to extend itself to the parent companies. There is absolutely no reason I can see to any longer believe that wild gains in internet IPO's will be reflected proportionally if at all in the parent company still holding significant percentages. It's a short term game. FWIW, any big money trades today (3 so far) appear to be selling into the drop, with no buying...a relatively consistent big block trend with this stock. I'm sure I'll hear from the Janitors around here, bad mouthing me for having been the voice of reality, though I'll reiterate again I'm just another disappointed long. That said, I still think IDTC will prove to be a worthwhile investment, but suspect the price targets floated recently by analysts are perhaps best case 12-month targets. From these levels however, a great potential investment. Good luck to all. sf