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Technology Stocks : Icon CMT Corp. (ICMT) -- Ignore unavailable to you. Want to Upgrade?

To: SEAS who wrote (10)	3/21/1998 11:32:00 AM
From: Larry T.	Respond to of 128

I will tell you more... First boston is so desperate to get out of the stock right now that at open when there were a lot of buyers that pushed the bid to 17... they kept the ask to 15 1/2... now explain that... hehe... Why do you buy ICMT? Because First Boston and DLJ tell you to "buy"?? haha... Of course they tell you to buy.. they are managing the IPO and are sitting on all the ICMT stock that has to get distributed to the public. The must have been really upset when the IPO started below the offer price and even went down to 8. From 8 to 17 this stock has gone up more then 100%. And the company still has negative earnings and the net loss is still widening. Do you now buy ICMT because in a comparative evaluation with EXDS it is cheap? You buy ICMT because it is not as overbought as EXDS? Did you ask yourself WHY ICMT IPO started BELOW the offer price and EXDS IPO started ABOVE the offer price? Did you see that in Boardwatch's rating of backbone providers EXDS is in the first 20 and ICMT is in the last 20? Hey.. Internet provider is not like Internet provider. ICMT is now a reseller of IBM network... you want to tell me that they will do the same money of people that have their own network? Good luck... i suggest you buy now at 17 and sell again at 8, maybe with margin... so you will know what it means to lose 100% of your portfolio.