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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (35761)	12/22/1999 12:55:00 PM
From: pater tenebrarum	Respond to of 99985

Don, it goes up in spite of having earnings, however minuscule? wonders will never cease....

To: Don Green who wrote (35761)	12/22/1999 7:18:00 PM
From: michael r potter	Respond to of 99985

Don, "Is this a mania? ICGE" When it first came out at an IPO price of [adj]$6 Aug. 9th , I thought it would trade in a range of $20 to $35. Technicals have looked fine, but today, decided not to push it any longer, and cashed in 3/4 of IPO position at avg $193. Am also a fundamentalist and that part of me has been on pins and needles holding it. Just had to stick to watching supply and demand and ignore the absurd valuation. Wanted to wait until '00, big tax hit late in the year not so good, but it came down to not being able to stand Not Selling it today. Tough to negotiate this market making money in stocks that are ridiculously priced when there are so many good values around, but it just comes down to supply and demand. ICGEs parent SFE, owns 1 ICGE sh. for every SFE sh. SFE is selling at less than the value of its ICGE holdings, and they have lots of publicly traded company shares under their ownership and many private companies that will IPO in the next year. Wouldn't call SFE a widow and orphan stock, but at least it is selling for considerably less than the value of its holdings. Am continuing hold SFE, but the risk and valuation in ICGE finally made me blink-taxes be dammed. There are going to be a lot of people selling after Jan 2nd once they get into the new tax year-don't know if there will be enough demand from pension and Y2K sideline money to offset that supply. Not willing to chance it with this one. Mike