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Technology Stocks : Icon CMT Corp. (ICMT)
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To: elmer pacardo who wrote (98)6/1/1998 12:35:00 PM
From: Toby Zidle  Read Replies (1) of 128
 
That's a good announcement, as company press releases normally are.

But what happened to the stock this morning?

Up to 10:30 there were 2700 shares traded at $15 5/8 to $15 3/4.

Then (per trade data from Signal):

10:29 100 shrs @ $15 3/4 (B-15 5/8; A-15 3/4)
10:46 1000 shrs @ $14 (B-13 13/16; A-14 1/4)

Some seller got himself one nasty surprise. But for the rest of us, we're really getting slammed in the 'portfolio value' column. Recovery today has been minimal. Any explanations?
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