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Strategies & Market Trends : Rande Is . . . HOME

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To: Kaliico who wrote (20837)	2/19/2000 5:56:00 PM
From: Joe Smith	Read Replies (1) of 57584

ICGE reminds me of VIGN just before its 180-day lockup expired. Everyone champing at the bit to short it after the HLTH debacle. Then, it didn;t suffer as the insiders knew better than to sell while it was overshorted. Huge short covering followed as well as institutional interest with the increased float. This time, ICGE is suffering because of CMRC's post-180 day behavior. But CMRC had a huge runup that would cause any insider to sell before they wet their pants. ICGE is not overbought IMHO. I think you will see it hold steady at 180 days and then the shorts will have to walk as the institutions start lapping up shares. I am still on the sidelines here got in and out once last month at 160 with a nice profit. Planning on buying LT shares soon. Kaliico, thanks again for getting me into this one last year. Seems to be support around this price and then again in the 80's but I think that it will never get much below 100 if it goes down from here at all. Lockup exp is 3/14. One important thing here is that the lockup only applies to 13% of outstanding shares, I believe due to a secondary. ipolockup.com You might note that the CMRC lockup let loose 51%

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