Friday, 2 March 2007

Monthly Market Commentary - Icron

The three-month stock chart on Icron paints a revealing picture of how the market views this innovative company. A trend line shows the stock moving steadily from $0.35 to $0.75. Lately we are seeing the stock consolidate nicely while largely trading in the tight band between $0.70 and $0.75.
Given the expected launch of the new 802.11 hub, we are pleased to see a strong floor of support develop here before a predicted move upwards.

Further to the consolidation, Jim Skippen, president and CEO of Wi-Lan has been buying stock. Please see our previous Icron entry for more details.