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Technology Stocks : Icon CMT Corp. (ICMT)

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To: Jean M. Davies Schmith who wrote (81)4/21/1998 2:29:00 AM
From: Toby Zidle  Read Replies (2) of 128
 
Most stocks that make huge upside moves like this one follow that with a period of profit-taking and consolidation. Without diminishing the value of the company, my *opinion* is that the stock will drop tomorrow. In retrospect, I'm disappointed that I didn't take my profit at $27. I probably will sell if the stock bounces up there before succumbing to profit-taking. I'd buy back in around the $23-24 level, because over the LONG-term, this stock has not peaked. I'd hope for $30 within another 2-3 weeks.
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