Internet Capital Group Inc. (ICGE) Message Board

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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: LLCoolG who wrote (701)	10/25/1999 10:08:00 PM
From: BEEF JERKEY	of 4187

Greetings ll: I was quoting what an analyst had said. Personally I would not say that a rate hike is "cirtain". He made some valid points to think about though. Greendork has a number of things to consider regarding a rate hike. We know that speculative excess is a high priority as is any inflationary pressures. The dollar has been awfully weak lately too. If the markets continue to ignore his words and the bond and the dollar and close strong into the FOMC meeting don't be surprised if the Markets get slammed with a rate hike Y2K or not because there is enough reason to raise rates and AG may be just pissed enough and is legitimately concerned. Y2K must be a concern of AG's but also carry a number of negatives for the markets. Mutual funds are going to have to raise cash and as noted by IBM the spending by business to get ready for Y2K may now create a lull for the next couple of quarters. The co I work for replaced every computer no matter how mundane the task it was used for even if the only issue was that the bios couldn't handle the leap year but that was all done by June. LL I cirtainly don't agree with your point of view that indexs have already sold off enough. I key off the NDX.X and it's doubled since last year. The DOT.X/IIX.X are pretty much at their all time highs as well if you exclude the three days at the begining of April. I also think that a DOW close below 10,000 will have an effect on all stocks. We're only 300 or so points away from that right now so its not totally out of the question. I do not see where we have convincingly broken out to the upside on any index so direction right now is still a flip of the coin. I may just be trying to play the devils advocate on this thread but I think that my overall point is that I remain very sceptical about the valuation of this co. It does have 24 employees apparently all deal makers. But I do have have to wonder who makes the coffee does the secretarial duties and sweeps the floors? Just because a couple of guys are smart enough to take a co public make a ton of dough get together with their rich pals to sing Jumping Jack Flash and play golf dosen't neccessarily mean it should have a market cap equal to Zerox. Susan: I made an assumption based on my experience with other stocks. I admit I may been wrong on this and I certainly wasn't trying to deliberately mislead. I see you've identified my short bias but I was in fact long Friday. I was also pissed at how fast they dropped the price on Fri. afternoon and I've seen them do that a ton on this stock hence the negative tone to my message. I maintain however that the Internets go down too and that this may be a time to keep this in mind cause thier about as high as they have ever been right now. Right now ICGE is heading up. After that it will likely head down and then likely up and then down again ect. Which ever way it goes I'll try to be boxed or in cash at the end of the day when I trade. I think you'll agree that there is considerably more risk in this stock here at these prices than there was at its offering price two and a half months ago. I wouldn't be suprised if it hit $150 but I also wouldn't be surprised if it prints $50 at some point in the not too distant future either cause when the indexs drop everbody heads for the door at once. Really with the I-nuts who the hell knows?

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