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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: puborectalis who wrote (65850)1/22/2000 8:21:00 AM
From: DlphcOracl  Read Replies (3) of 108040
 
Caveat emptor on ICGE: Release of lock-up shares begins 1/31/00 and continues through April 2000. I vaguely remember reading that approximately 40 millions shares are being release Feb., with 40 and 90 million additional shares being released March and April (can't remember which month is 40 vs. 90 million). Point is, there is a very real chance ICGE will tank and not recover. By the time release of lock-up shares is over, we will be in May, usually the start of Death Valley for the internet stocks. Additionally, I think Amazon.com's ever-widening losses and the AOL/Time Warner deal have cast a pall over the entire sector. My long-winded point: be very careful entering positions on ICGE and use tight stops. If you have ICGE and have nice profits, take some money off the table before the end of the month.
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