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


To: TERRY MURPHY who wrote (43)3/27/1998 8:18:00 AM
From: LghtBrgade  Read Replies (1) | Respond to of 128
 
TERRY, it may seem silly to you to guess whether a stock will go to 15 before going 25, but it means all the world to a daytrader. I can tell you right now, I am not the only person daytrading this stock either, if you look at the intraday charts of ICMT I think you will see how this stock is being targeted by many daytraders...this evident in its daily spread and consistent fluctuations....alot of people are buying low and selling high on a daily basis. If you are just holding ICMT and waiting for 25 to happen, than more power to you. Seems to me that you are evaluating ICMT based on its value, which is fine, I am not going to argue its value. I believe too that it is undervalued...but the fact still remains that ICMT has yet to hit 25 and that 9 difference is still speculative. I speculate with you that ICMT is going to reach 25, but it is not going to meet it with a straight line. There is going to be many ups and downs between that ride from 15-25, and me as a daytrader, my attempt is to exploit every single one of those ups and downs, while locking in a profit on each fall and rise...Going back to that one point difference...There are many out there who are taking this "silly" one point difference more serious than what you would think.....