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


To: Tom Hua who wrote (1040)1/9/2000 1:29:00 AM
From: coachbobknight  Respond to of 4187
 
tom...let's do the math...45 million shares in february,46 million shares from march thru may and 95 million shares in june...i'm just an antiquated coach in today's modern college game, but i think that equals 186 million shares...

186 million...

186 million is 6 times the current float...

david faber is going to be all over this one...

maybe this is why merrill was pushing this stock this week...they knew the article was coming perhaps and so they were unloading inventory on the lemmings...

as you stated, i also hope it does not gap down too much so that i can increase the icge short position in my personal account...

steve



To: Tom Hua who wrote (1040)1/9/2000 1:38:00 AM
From: coachbobknight  Read Replies (2) | Respond to of 4187
 
tom...this is going to be very similar to the great pcln pig...

you were the first on si to make the pcln at 50 by oct '99 call...

so with your permission, let me be the first to make the following call...

icge will be LUCKY to trade at 75 by the end of june...it might stabilize there...might not...

that is a 60% correction from today's levels...

pcln fell from 165 to as low as 48 and they still haven't completely unlocked that pig...and henry blodgett has pimped it the whole way down...

good fortune to all,

steve