Icon CMT Corp. (ICMT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Icon CMT Corp. (ICMT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ed Don who wrote (14)	3/22/1998 1:14:00 AM
From: Larry T.	Read Replies (4) of 128

Great! I think what you write is a waste of digital space. I am really disappointed by the level of criticism here. I gave you precise facts and arguments why this will go down BIG. Now give me facts and arguments why this should go up. I don't give a damn about your opinion about my opinion if it is not based on some fact or argument. Yes, I am sure of myself because I see the facts. What are the FACTS for your buy reccomendation at these levels? Maybe not tomorrow... (i think we may open lower) but in maximum one week we are at 14 and in maximum one month we are at 10. The simple rule of buy low and sell high is still in effect. The low was 8 and the high is 17. Look one moment at the graph of NYMXF. This is what will happen to ICMT. When analysts say "buy" and are selling on the market this is what we traders call "pump and dump". They hype it up because they want to support the price when they are selling. Analysts respect the "buy low, sell high" rule... particularly when they have millions of shares to sell. Do I have to explain to you that nasdaq is manipulated by market makers? They increase volatility so that when something goes up it goes up big... when it goes down it goes down as big... This is the way for them to make more money. If you have level 2 nasdaq quotes and see that the underwriters (fbco & dlj) are selling, you should sell. When you see them buying, you should buy. For the simple fact that ICMT is a recent IPO they are not going to buy for a long time because they are full of the stock and just want to sell as much they can at the highest price they can. This is why I told you I was surprised to see FBCO sell below market price at the open and sometimes at market price during the day. At the end of the day even Robertson Stephens joined the selling... and all had limit orders to buy at least 1$ lower... You will see... when ICMT goes down they will always lower their "buy level"... This is why I tell you there will be no support when it will go down. There have been buyers, of course... a lot of little investors... but the big institutions were happy to sell to them. The briefing.com hype came after noon and if you look at the intraday graph, instead of going up, the stock went down and even hit 15 3/4... Facts people facts... not "opinions"... Our bank accounts will reflect who is write or wrong here. I sold short at 17. I feel very greedy about the time I should buy back... maybe I will wait for the fallback to 8. This is one of the worst loss making companies that I have ever shorted. What is the book value of the company? hehehe... And I don't want to speak about ICMT's CEO!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next