Internet Capital Group Inc. (ICGE) Message Board

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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: jim who wrote (686)	10/14/1999 11:49:00 AM
From: BEEF JERKEY	Read Replies (1) of 4187

Logan: I have to agree with you that now is not the time to buy. Notice how they trapped the longs this morning (just like they trapped anybody who bought over $100.00). I played this mornings bounce but was only in the market for 10 - 15 minutes. Next true support is around $86.00 but if the DOW closes below 10,000 no way its gonna hold. After that support is mid $60.00. I feel for the longs but really giving a co. with 23 employees a market cap of 10 - 14 billion and comparing it to GE is ludicrous. I mean isnt GE the largest co in the world? It's holdings dont even mildly compare to CMGI's and are worth at best around 1.5 bil. Yet ICGE has a much bigger Cap. It don't make sense! Would you buy a mutual fund that had $15.00 in assests for every $100 you invested? I might buy back in at ~ $60.00 but we'll see @ that point. If I do it'll only be because it got ther in a hell of a hurry and technically it would make sense.

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