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 (999)	1/7/2000 11:02:00 PM
From: Tom Hua	Read Replies (3) of 4187

ICGE should trade at about 80% of the value not 1600%. Jim, ICGE is very much like a closed end fund and if it is, the stock should trade at a discount from NAV. Just look at SFE, a very well respected company by WS. In fact SFE owns 14% of ICGE, plus 40 other b2b companies. SFE's holdings in ICGE alone is worth its entire market cap. Why? because closed end funds trade at a discount from NAV. CMGI, on the other hand, operates differently. They're actively involved in the operation of the companies they own. I shorted ICGE on Monday (192), and added today (174). I'll add again next week. Regards, Tom

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