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

To: coachbobknight who wrote (1105)	1/12/2000 9:12:00 PM
From: Jon Khymn	Read Replies (1) \| Respond to of 4187

135-138 proved to be nothing on the chart... bobby, it did bounce back 8 pts from 135 (just wasn't able to hold it). So, it wasn't Nothing, something was there. Many longs have hit hard so hold your brag... If I remember correctly, it was Tom who stormed the ICGE first, but I haven't seen him bragging here yet... Maybe that's something we all need to learn from him not just tradings.

To: coachbobknight who wrote (1105)	1/12/2000 10:35:00 PM
From: saket chadda	Read Replies (2) \| Respond to of 4187

Coach, Yes, it did not hold. At the same time, if you think about it, Barrons article is no longer valid. The stock has lost a good 40% from its peak. The good thing about the stock price is that none of the insiders would want to sell at this price. Keep in mind that SFE has a history of holding on to its investments well after the IPO. Further most of the high level officers are already rich due to previous internet ventures. I still don't see further downside to the stock. I think 130 should hold. I did average down in the 135-138 region. If the stocks does indeed go down more, I will average down again. I don't see further weakness. Greenspans speech and PPI numbers should be positive for the market. IMHO the market has discounted the neutral stand of the last fed meeting. Market at this time has factored in a 0.5 basis point rate hike. Going by the topic of Greenspans talk (technology and economy...) it is likely he says positive things about how tech (read internet) has made the workplace more productive thereby causing higher output, lower un-employment and low inflation. I have have both long and short positions on different stocks on different times. Recently made some on shorting CORL and JWEB. Shorting ICGE has been good for you. I could not have timed it as well. The risk off a squeeze is too high with such a light float. Good luck on your other investments... (sorry cannot wish you luck on this one without having a substantial loss myself) SC

To: coachbobknight who wrote (1105)	1/14/2000 12:33:00 PM
From: still learning	Read Replies (1) \| Respond to of 4187

Steve, I think it could still see some pressure down, but most of the worst is over. SFE, which owns 15% just raised another $100 mm, so I think they would not have done so had they been planning share sales this soon. Beside, many investors, even insiders, would be faced with STCG if they sold this soon (many exercised options and they have held the stock less than one year). I bought in the teens, pre-split. I sold any IRA/non-taxable shares I had. To have sold the taxable shares at 180, say, would have cost me 39% fed tax and something like 8% state tax, so I'm giving up well over 45% of my proceeds, effectively giving me $99 a share. I would rather hold down to 110 than sell early and trigger the tax costs. Granted, I may risk some of my gains, but I also have a pretty good chance of recovering. At LTCG rates, I only need it to reach $132 for me to be even with the $180. Granted, not everyone is in a similar position, but many are and the float is low. Some have already sold before the lockout. My point is there is at least as much pressure now from early holders as there is from insiders. Granted, insiders own far more shares, but only a small % will come to market, and the BIG insiders know the consequences of filing to sell psychologically on the stock and will take that into account. My take: continued slight downward pressure, but not as much as you seem to believe (of course $110 isn't that far from 140 anyway). I don't expect a surge of buying until well after lockup as the fence sitters will assuredly not want to buy into a selloff.