Selloff after lockup??? No effing way!
You know how many employees ICGE has? From Yahoo, it was 35 at the end of 98.
So do you really expect to see a sell-off from ICGE? Not a chance. These guys are already super rich, they don't need money to feed their families, buy cars, etc. They use the paper money as a barometer to measure success. Simply put, they are not going to sell.
It is reported in Business Week that Ken Fox and Walt Buckley even purchased more shares at open market when ICGE went public last year.
Another story about ICGE is Sam Jadallah ( sp? ). He used to be Group VP of Microsoft, a 12-year MSFT veteran. I estimated that he made around $600 Million during his 12-year tenure at Microsoft. Do you have a rough idea how much he made since he joined ICGE last June? From Yahoo, he owns 2 Million ICGE shares, pre-split, that alone is a cool $800M on paper at today's close before Uncle Sam's cut. It is highly likely that he has several million options waiting to be vested. Bottom line is: he is very smart guy, for past 6 months, he has made roughly 10 times the money he had been accumulating at Microsoft for 12 years.
Do I need to say how bullish I am? Buy on any possible dips, you will be glad you did it.
Thanks,
Larry |
