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Technology Stocks : Internet Capital Group Inc. (ICGE)
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To: LarryCPA who wrote (1012)1/8/2000 12:24:00 PM
From: bubbarayjr  Read Replies (1) of 4187
 
Larry you've made my point. P/E means nothing for these companies, that is until the market turns down. ICGE's high valuation is resting on a promise of returns averaging 100 times their initial investment. Sounds "too good to be true", don't you think? The real test will be after the "lock up" period is over. Will insiders hold on to their shares are dump them for a quick billion or two?
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