Luckily, icge didnt hurt me...I got out with a profit ( now cmgi is a different story...that one really hurt!!)......but, at this price, i do agree and am back in with a few shares....will look to buy more at $3, $2 and $1, if they choose to take it down. Again, I can't sit here and recommend anybody buy icge based on current TA and fundamentals, but I feel two things are a positive for buying at this price. The first is that I do feel ICGE will suceed. They will not be one of the many inuts that disappear by the wayside. Too many good companies under their belt right now with too many good things happening. secondly is simply price. I can give you a list of a hundred companies that I like far better then icge, but I can't say those hundred companies have the chance of the type of % gain icge could be capable of. Just getting to ten dollars gives me more then a triple. We may never see the old highs of $200 or so...or maybe we do....but I do think the highs from a fewmonths ago are certainly attainable and most likely probable. A run to $40 which is still 400% below it's high is a 1000% gain from current price. So, we can miss our high's by 400% and still make 1000% profit.........lastly.....at $2 - $5 a share, if you really feel like the company will suceed, what have you got to lose. the downside is so minimal it is ridiculous. I watch extr go up and down $15 in an afternoon.......yet icge can only fall $4 maximum, and has unlimited upside potential once things get back on track. Also, with all the talk of the markets getting back to realistic 20%yearly gains and etc......ya look at icge, and like I said a run to $10, gets me over 300%......what do I need to get the 20% gain ??? From current $4 price, icge needs to gain .80cents to achieve a 20% gain.........
anyway....it's a gamble, but one I am willing to take at this price.....
good luck |
