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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: im a survivor who wrote (3839)1/14/2005 10:22:24 AM
From: Fred Levine  Read Replies (1) of 4187
 
Obviously, ICGE has plummeted in the last 5 yrs. So have SCMR, etc. etc. during the "irrational exhuberance". The companies were irrational promises and the investors paid the price when reality hit--including me. It is now a different reality when BBBB states that revenue will surpass expectations. I like this reality more. I see no reason why the past irrationality should determine the businesses of ICGE. Indeed, imo, the current irrationality is that the past will keep the businesses and the stock down. I think ICGE is irrationally depressed because people think that past grandiose expectations are current ones. Performances of the companies will determine share price--

fred
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