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Technology Stocks : Icon CMT Corp. (ICMT)
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To: LghtBrgade who wrote (44)3/27/1998 2:34:00 PM
From: Toby Zidle   of 128
 
Lght, I don't see much similarity yet between the charts of ICMT and SEEK. ICMT simply doesn't have the trading history yet to tell us much. The chart of SEEK isn't so bad, really. It's been consolidating with a support around $17 1/2. Notice that you don't see the downtrend that was there in December. So far, this is a healthy chart. All stocks ultimately need a consolidation phase to set the stage for the next major advance. SEEK could well be doing that now.

As for ICMT's current trading range, not a negative yet either. It too could be setting the table for a major advance, similar to its action before the last big jump. The short trading history, however, imparts a higher degree of risk to any interpretation than for a stock with a year's history or more.
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