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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (1610)1/12/2001 12:03:58 PM
From: puborectalis   of 6445
 
"With Internet Capital Group (NasdaqNM: ICGE- news), you've got bottom fishing
at its finest," continues Lawrence. "Here is a stock that was trading at $174 ?
within the last year, and now is below $5 a share, and with positive Q4 earnings
from B2B leader Ariba (NasdaqNM: ARBA- news) we think the B2B sector could be
ripe for a decent rally over the near-term." When asked about StockLab.com's
preferred ICGE call option, Lawrence replies, "With the stock as cheap as it has
now sunk, the option prices have to stay relatively cheap or else buying the
stock itself becomes too attractive. That's why we like the June 7.5 ICGE calls
for $150 apiece. Again, we think this is a solid opportunity for at least a
double before expiration in the middle of June 2001."
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