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Technology Stocks : Internet Capital Group Inc. (ICGE)
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To: coachbobknight who wrote (1129)1/18/2000 12:16:00 AM
From: saket chadda  Read Replies (2) of 4187
 
Coach,

Lots of positives going for ICGE:

1. Positive PPI
2. Positive CPI
3. Interest rates increase as expected (0.25 basis)
Greenspan said that he will only do what the market
expects.
4. Small float.
5. High short interest.
6. Blodget on CNN and CNNFN reccomending the stock
as the best way to play B2B.
7. Follow-up article in Barrons from Lehman. Very bullish.
8. 3-4 analysts touted ICGE this weekend over the various
financial new channells.
9. Only 18% of the insider shares being un-locked
(according to a Yahoo poster) instead of all of them.
10. Heavy institutional buying right at close on
friday and after hours.
11. B2B projected to be a 1.3 Trill (with a T) market
for the US. More if you consider international
opportunities.
12. Softbank investing in VERT (aa ICGE holding).

This indeed is squeeze time. I would reccomend
covering your short at a intra-day dip tommorow.

Regards

Saket
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