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Technology Stocks : Internet Capital Group Inc. (ICGE) -- Ignore unavailable to you. Want to Upgrade?


To: Robert Rose who wrote (471)9/9/1999 2:20:00 PM
From: $Mogul  Read Replies (2) | Respond to of 4187
 
Took my first position in ICGE today on the dip. Yeah!!



To: Robert Rose who wrote (471)9/10/1999 12:21:00 AM
From: Tunica Albuginea  Respond to of 4187
 
Robert, " Merrill accumulating " is representative of the Institutions who typically go in and buy falling stocks when the retail trade who bought it high, panics and dumps at a loss. They may buy it for clients who are long term holders. Or they may buy it for customers that have brokers at Merrill who are primarily " trading brokers " ( Merrill offers that service, although you need a higher entry cash position, at least 1/2 mill $.They are also trained to hold the stock for several weeks and then
sell it at nice short trem profit.
No, I can't prove this; just my sense of suspicion.
Besides we are approaching triple witching so MMs will try and keep all stocks down.Any excuse will do,

TA

---------------------------------
<Merrill now acummulating>

How do you know this?

I love this stock, so yes, I am sticking with it. But its weakness today makes no sense to me. Probably a fund taking profits, as you suggest. Yes, it is a buying opp.

Regards, Rob