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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: fishweed who wrote (65902)	1/23/2000 9:39:00 PM
From: DlphcOracl	Read Replies (2) \| Respond to of 108040

fishweed: Regarding ICGE... I was not aware of the subtleties regarding the ICGE lock-up and cannot comment knowledgeably regarding its effect on ICGE over the next two weeks. I remain cautious about the internet stocks, in general, however. I think the AOL/TWX merger has cast a pall over the sector (excluding internet backbone plays) regarding valuation of internet stocks much the same way the Lycos/USA garbage deal early last year did. I also think Amazon's last earnings report, with its ever-widening losses in the face of increasing revenues didn't help either. Regarding ICGE, it is difficult for me to believe that institutions are salivating to gobble up 170 million shares of ICGE over the next 3 months. Additionally, with the IPO season heating up this week (with several interesting IPO's on the docket), some of the internet money will be deflected this way. In a long-winded way, I guess I AM saying I remain cautious about ICGE. If you're still interested, I might consider putting in a buy order placed 4 to 5 points ABOVE last Friday's closing price so that you catch it on the way up in the event I'm wrong. Then, follow up with tight stops underneath it in case I'm right. Regardless, I think two other sectors offer better risk/reward ratio both short- and intermediate term, namely biotechnology and fiber-optic telecommunications, especially with JDSU reporting this Wednesday. Biotechnology stocks have exploded since last October and the portfolio of 14 stocks I'm tracking are up 44% YTD!! I think this will be the hottest sector of 2000. Many of these stocks are still small-cap (under 1 billion dollars) and have room to run. Hope some of the above rambling helps.