ICN icon energy limited

where is the support, page-2

  1. 5,483 Posts.
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    My feeling is that support will come as we get closer to drilling.The fundamental CBM reserves story is still strong. Fortunately the market seems to be generally unaware that the ICN management is just not up to the task and cant match it with the big boys, so the trick is to get out when they make their next run.They should run up past 40 cents.Getting out time will be around 35 cents in my opinion at which point I will be more than happy to let the next bunch of investors take their chances.
    previously I have said I would exit at around the mid 20's but I think they will soon announce some oil drilling activity that will add extra value.
    Occam
 
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