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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Panita who wrote (14136)	10/29/1999 12:28:00 PM
From: Kaliico	Read Replies (1) \| Respond to of 57584

Update on ICGE from some newsletter, just an FYI : Internet Capital(ICGE) NEW LONG PLAY!! 10/28/99 $122.50 TARGET=150.00 STOP=110.00 RISK=4.0(out of 5) TECHNICAL/MOMENTUM PLAY = aggressive trader It's hard to stop a train! ICGE is definitely an IPO locomotive moving to higher ground. It was listed as one of three of the most successful IPO's along with Sycamore and Juniper Networks. These stocks have powered ahead to achieve a stock valuation of over $10 billion. And ICGE has done it in just three months! From a profit point of view, ICGE has achieved over a staggering 700% price gain since its debut in early August! So now to the play. This is obviously a technical/momentum, with the stock showing a very steady and steep trend. When you plot the trend line from the IPO to today's close, the slope of that line is greater than a 45 degree angle. A very bullish indicator for momentum. The trend has also been following its support very well, which as of late has been using the 20 dma, currently at $101. Due to the recent strength however, we are setting our stop at $110, slightly above the 10 dma of $106. Along the technical note, the MACD has shown a recent bullish crossover on Oct. 25th. The spread between the MACD and buy line is diverging bullishly showing good momentum. All of this strength is basically momentum cargo to the ICGE train. Today this resulted in a new 52-week high of $123.38, helped by the positive news on the GDP and ECI reports which shot the market ahead. ICGE stands on its own merits however. Many recent articles touted the success of the three kings of the IPO's as mentioned above. Positioning itself to capture as much of the $3 trillion dollar e-commerce market, ICGE recently announce their intention to acquire an interest in E-Merge. An Internet information company that provides answers and solutions to the animal industry. Unlike most Internet start-ups, ICGE is profitable as well, showing a 248% profit margin to date. Be cautious trying to catch this moving train, and confirm a positive direction before jumping aboard.