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

To: Bob Trocchi who wrote (791)	11/17/1999 2:48:00 AM
From: michael r potter	Read Replies (1) \| Respond to of 4187

At last weeks high, I did a comparison of ICGE and General Motors. ICGEs market cap was almost half of GMs. GM has over $150B in sales, and net profits of over $20M.-every business day. How long before ICGE has even half that or $10M per day of NET after tax profits?. Yes, it is a fair comparison, because ultimately companies are in it to produce net profits. ICGEs value is discounting the here-after; of course it is overpriced by any known rational measure that has worked for over 100 years. But...that doesn't matter in the short run, it's all supply and demand, and supply is low [low float-watch out after the lockup ends], and demand is high. Valuation does matter-eventually, but not in the short run-especially in this market where so many don't know, and even less care. Best to keep an eye on their money and what they are doing with it.