Gold bear I have no interest in peoples subjective opinions of a stock, such as " I think its fairly valued" Couldnt care less what the average pleb on hc thinks.
I totally disagree that ICQ will be in for a lengthy sideways period, on a technical level it looks like a text book ascending triangle pattern, which is typically quite a bullish pattern.
Gold bear you should understand how stocks are valued sometimes, they have nothing to do with current earnings but more likely a lot to do with future earnings. ICQ is a growth stock and its valuation lies in its future earnings potential. You also have to view ICQ from CRZ's eyes, they want growth and that growth wont be coming from Australia....
Look at XRO multi billion dollar co, their current earnings make it look so overvalued, but that is not how the market is valuing it from.
ICQ Price at posting:
$1.46 Sentiment: LT Buy Disclosure: Held