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PCKL, No doubt the overall market has an effect on ICGE and SFE. In this case there is a stronger correlation between SFE and ICGE. ICGE closed below $30 five out of five days during the week of Aug. 9th. It has not closed under there since. During the week of Aug. 9th, SFE closed under $52 four of five days. It has not closed under there since. ICGE has had its major leg up the past 10 trading days, moving from the mid $40s to $83. During that same period SFE is up 17.5%, AOL no change, CMGI +4%, and EBAY +5%. I have no idea where SFE will be by Thanksgiving, but the chance of it making a major move [$100 to $120] without ICGE leading the way is remote. [As mentioned earlier, it could trade at $78+- without any further improvement in ICGE, just explained by a "normal" premium coming back into SFEs pricing]. As for AOL, CMGI, EBAY, YHOO being 40 % off their yearly high, it is also true that despite the haircut, AOL is still up 5.6X its 52 week low, EBAY 16X, YHOO 5X, and CMGI 10X its low this past year. Opportunity, yes, High risk, yes indeed. Mike |
