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Technology Stocks : RRRR - ICC Technologies/Rare Medium -- Ignore unavailable to you. Want to Upgrade?


To: purecntry5 who wrote (758)5/7/1998 4:13:00 PM
From: Mark Jenkins  Respond to of 954
 
I'm looking for a gap up in the morning! Daytraders caused a lot of volatility today, but long term investors will start accumulating.

Just my 2cents!

Mark



To: purecntry5 who wrote (758)5/7/1998 4:13:00 PM
From: Musya  Read Replies (1) | Respond to of 954
 
I don't think jobs report will influence this stock too much.

ICGN is up today 13/32 on almost 2mil shares. The pullback was expected due to heavy resistance at and around 6, and due to many day traders jumping in on the news. There also was some shorting at the obvious resistance level, and I think most of it got covered by the end of the day.
It is possible that we get continuation tomorrow, since today only active traders/investors saw the news that came out during market. The stock may get some overnight buy orders in, from more long-term investors who do not have opportunity to trade during the working day.

Musya