re: ICOM. I had my two calls Friday evening, and I didn't bother reporting them immediately, as there was really nothing new to report. Ordinarily, I consult them on the technology of the products: are they good, do they have a significant lead over the competition, how is the reputation of the products, what is the market for them, and finally, if there is any scuttlebut on the company itself.
In this case, they really had nothing to add. They re-affirmed that the product line is solid, but they are not aware of any rumors regarding the company itself. They also re-affirmed the obvious - this is a very hot area.
Bottom line, no solid counter-argument to the somewhat downbeat assesment of the first guy. In view of that, I have elected not to become an investor in ICOM, though I will continue to trade it as long as the stock cooperates.
Thus far, the stock has been a good trading vehicle: it is very liquid, and has adequate volatility. My tactic has been very simple: I try to buy below 6 1/2, sell 6 15/16 - 7+. Since the stock is very liquid, you can do it on a fair amount of shares, and so the money is reasonable. If the stock breaks out, I'll try to hitch a ride.
Morgan |
