I was speculating that ICST had found a bottom at 19-20, earlier news they put out, stated that they would meet estimates, with revenues greater than last quarter, typically they have seasonal declines.
Their positive note after the CEO resigned, may have helped the stock price avoid a bigger drop. It had fallen from 35 to 20, over the last 2 months or so. I guess that speculating at earnings season is very risky, can't trust anyone.
This is outrageous, anything to do with internet, should double the first day someone notices it. Audio Book Club on the AMEX went from 5.5 to 10.5 yesterday. It still is cheap and will probably see 30 by end of next week. Low P/S comparitively and actually has profits. Profits may be a negative.
Anyway, Close my ICST position at the close today.
The only thing I own right now is MRVC, due to report results next Monday. TA looks good, FA looks good.
Good Luck to all, I don't post very often, though I am always lurking.
Have a profitable day!
Ketan |
