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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (8122)	9/1/1999 9:25:00 PM
From: Madharry	Read Replies (2) \| Respond to of 78841

OT You are all going to laugh at me for this one and it isn't a value play but I would suggest to you that I believe with almost certainty that ICGE will be higher on 9/30/99 than it is today. My rationale for this has nothing to do with the intrinsic value of the stock but here goes: The stock is a recent IPO which is very difficult to short. It has the appearance of being a blue chip internet stock and for many a one decision stock. It has soared since its IPO at 12 closing today at over $80. I can't see anyone having the guts to short this one and I can't see any institutions who own selling it before 10/31/99. They surely want to show it on their 9/30/99 balance sheet and they surely don't want to hit investors with a huge tax bill. On the other hand many funds who do not own it probably will buy stakes in it prior to 9/30 /99 for window dressing purposes. I am not suggesting that anyone purchase this stock but I am interested in your comments.