i will never understand people who are happy to buy something 10c above where it is now when momentum is up - then wont buy cheaper when momentum dissipates.
that said - i agree the stock will likely sit on a backburner for a little while - as i outlined 6 weeks ago.
market has flicked tail back to earnings stocks - likely ipp , icq's 'big brother' will see traction again before investors start coming long on the risk curve to where icq currently sits.
that said - the macro sell off of tech stocks is done - so i dont think you will do badly if you just pick up some on weakness ahead of next rally.
just dont think that the recent stock pull back says anything about the company itself.
it was purely market bs to do with US funds cashin in profts across the global tech sector.
ICQ Price at posting:
$1.22 Sentiment: LT Buy Disclosure: Held
