Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: coachbobknight who wrote (875)	12/17/1999 12:12:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 4187

Well, of all the stocks I own, icge's valuation bothers me most. They are all overvalued but this one is the most overvalued for the b2b's. However, in the past this has meant nothing... and I always compare things to my overvalued barometer stock - akamai (akam), about 22 billion on that one.

To: coachbobknight who wrote (875)	12/17/1999 1:15:00 PM
From: still learning	Read Replies (1) \| Respond to of 4187

No Sht sherlock we know who bob knight is, we just don't know who you are. (don't take that too seriously, bob) I think the question was about your profile, not about NCAA. FWIW I agree a cost basis above 100 is difficult to imagine w/ this stock, but few have such a basis, so the remark about selling still stands -- we who own shares in ttaxable* accopunts must make a sell/hold determination. I have sold IRA shares and held taxable ones. I also breifly shorted but closed out that short at 110-115 from 135 for a s/t c.g. However, would not trigger stcg on taxable shares. The fact that your fund holds other people's IRA money is irrelevant to the buy/hold/sell decision, except in your case. IMHO tough call right now on ICGE -- v. high mkt cap., but strong endorsement from Ford and T; lots of new markets to enter; plenty of capital on hand; occupies strong position as one of 2 top-tier players in its space; lofty but could still go up. Is $20B too much for ICGE -- time will tell. As a market cap, it wouldn't be too much if it were the Fidelity Select Internet Fund, or the GM Early Stage Investment Fund, so why should it necessarily be too much? I stand neutral on it after the run up, but don't think it's a strong short. There could well be a s/t pull back but I'd close the short quickly. As to 300%; many of us are up at least that having been longs. Anyone who bought ICGE in the first week got it at about $25-50, so I count that as just a tad over 300%. Those of us who got into the IPO (myself via SFE, plus Wit), are up 20X in 3 months, so that's an 8000% return, which I'll put against any of your funds any day. No bias re shorts one way or another, but I'd say shorting this stock over too long a period could also qualify as lunacy. No offense, but I'll manage my own money rather than stick with funds, especially high turnover funds.