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Technology Stocks : Icon CMT Corp. (ICMT)
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To: Larry T. who wrote (29)3/23/1998 1:29:00 PM
From: LghtBrgade  Read Replies (1) of 128
 
O.K. I guess now is a good time to be realistic after what is going on with ICMT today. Momentum died. Which better judgement will lead us to profit taking. Volume dried up, which is a clear indicator that all the momentum traders that jumped into this stock are probably going to jump right out, most likely tomorrow morning. I trade in and out of stocks like this all the time, my personal experience tells me that ICMT is going to start a downtrend, most likely for 2-3 days.....Probably the best thing to do now is (in my opinion of course) sell now, lock in profits, and use that buying power to get ICMT back at a cheaper price in the near future. Oh yeah....sorry Larry, I still disagree with your claims of a total free fall. I see a downtrend for the near term, but not a free fall.
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