<Rob, I happened to own a few hundred shares of ICGE from
my Wit and Etrade IPO allocations. But today, I finally
sold out 70% of my positions. I can not find a reason
to continue to go long on ICGE mainly because its market
cap has almost caught up with CMGI's valuation.>
Danny, I too am surprised by the incredible strength icge is showing. I recently read a news release put out by some research outfit that included icge on its top 10 momo list for each of the last two weeks. It was the only stock to make it both times....
I agree that an icge/cmgi market cap comparison is about the best reason to choose to sell icge now. I agree that for icge to attain a greater market cap than cmgi at this juncture simply makes no fundamental sense. However, in a bull market, momentum is momentum, as cmtn, rbak, jnpr and zoox currently demonstrate.
That being said, icge may have some things going for it that even cmgi does not:
techstocks.com
<Unless I totally mis-understand the ICGE's business model,
shouldn't it be a better investment here (for longer term)
to put money on CMGI?>
Fundamentally, I am less excited about cmgi than I once was. I currently have no position in the stock. As b2b is about to explode, icge looks to be in its sweet spot (more than vert (websites), more than cmdx (a web site) or any other company that I can think of). icge not only has a glamorous 'idea,' but it also seems to be doing a lot right, as far as I can see.
I don't know if you follow ta at all, but there is nothing in icge's chart to suggest it is time to sell right now.
Good luck!
Rob |
