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

To: coachbobknight who wrote (1167)	1/25/2000 11:10:00 PM
From: saket chadda	Read Replies (2) \| Respond to of 4187

Steve, I believe the stock does not have any more down potential. I am not buying more, but am not selling either. Stochastics are still giving a buy signal with higher highs and lower lows. Another technical development that seems to be developing is a H&S pattern. If the stock goes to 130 the neckline will be breached and there would be tremendous down pressure. If on the other hand the stock does not go below 135 this time around, the H&S will be negated, and the stock could go ballistic. Seems like C1 has missed its numbers, and there is this Ipalco utility that has suggested that it wants to sell a million shares at lock-up expiration. This is not good. At the same time, one cannot short ICGE for the next 3-4 days, as there are no more shares in margin accounts that are not already shorted. This is a ripe situation for a squeeze. All that is missing is either that barrage of good news or that one extremely good news that would be the trigger. Be careful with your short..........