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Technology Stocks : Icon CMT Corp. (ICMT)

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To: MONTHY22 who wrote (38)3/26/1998 6:58:00 PM
From: LghtBrgade  Read Replies (1) of 128
 
I wasn't too worried about today, I am actually more worried about tomorrow....ICMT is still meeting too much resistance in the mid-16's......Everytime this week ICMT climbed @16-16 1/2 it was pushed back down by profit taking....only to find a relative base @15.......I fear that if ICMT doesn't pass 16 1/2 with a certain authority tomorrow, it will trade lower back to 15. This stock has been on quite a run this month and is still vulnerable to profit taking. Another factor that has me a bit weary about tomorrow it that this is the last weekend before the quarter ends....Alot of investors will unwind some positions before heading into the weekend...ICMT just may be a perfect candidate for profit taking with all things considered especially after being up over 6% today....
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