Internet Capital Group Inc. (ICGE) Message Board

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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Larry Zenith who wrote (977)	1/3/2000 8:59:00 PM
From: Mosko	Read Replies (2) of 4187

So Ken Fox and Walt Buckley bought shares at what.. say, 10 dollars a share? I bet you don't see any insiders buying at these prices. I wouldn't leap to the conclusion that there will be no sell-off on end of the lock-up. It is always relative to the amount of shares released compared to the float. Right now ICGE has a float of about 21 million shares with total shares issued being 261 million. The end of the month they will unlock 87 million shares. That's a whopping 4 times the current float! Let's assume that most will not sell. If only 10% of those shares enter the market it will increase the float by 40%! With a P/S of over 2,000, and a price increase of 700% in the last 60 days do you really think that absolutely no one will book profits? Check out the comparative charts of other hi-flyers. ICGE takes the cake by far: siliconinvestor.com I think ICGE is a great company, but that has nothing to do with it's current price. At the moment I am neither long nor short, but I sure am tempted to short this stock. I would love to hear some arguments that support the current valuation . Hard data appreciated. Mosko

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