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Technology Stocks : Internet Capital Group Inc. (ICGE)
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To: coachbobknight who wrote (1102)1/12/2000 12:53:00 AM
From: saket chadda  Read Replies (2) of 4187
 
Coach,

Out of curiosity: Why do you discount the 135-138
support it created in the middle of dec. I am long
and technical charts gice 135-138 as support level.

Knowing the history of the stock and the potential
of the industry, would the smart shorts not
cover in the middle 130's. Looking at CMRC,
when it was nearing its lock-up expiration,
it rallied big time (i think by over-shorting
that went short too soon and were squeezed by
the institutions that may have a vested interest
in acquiring a better price for their insider
clients.

I was planning to add to my long position at the
135-138 level and was wondering why you felt 108
is a better place to cover with your shirt
(Freudian slip) :-) :-)

SC
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