Internet Capital Group Inc. (ICGE) Message Board

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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Tom D who wrote (187)	8/6/1999 12:58:00 PM
From: Robert Rose	Read Replies (2) of 4187

<I will sit on the sidelines. But this is frustrating.> Here's my reading on icge's investment barometer: Overall economic environment: Uncertain. Current upswing tempered by hesitation over retail and PPI numbers released next Th and Fri. FOMC meeting on Aug 24 caps any sustained advance until then. Inet ipo environment: Recent issues well off highs. At current prices, dscm's market cap is 1.9B, enga's is 1.3B, mppp's is 2B, cmdx's is .6B. icge's is 4B.... icge-specific: Showing strength. pre-ipo non-retail interest high. Sustained price advance on moderate volume so far, suggesting that retail interest is more LT than ST. Stock also benefiting from momentum stemming from an open at the bottom of a market rebound. My conclusion: market's positive response to icge bodes well for the stock. However, given renewed valuation sensitivity, icge is richly valued relative to its peers. Inet indexes likely to test recent lows before next FOMC meeting. Until then, I'm watching icge, but not biting.

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