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


To: saket chadda who wrote (1191)1/30/2000 12:18:00 PM
From: Jarhead  Read Replies (2) | Respond to of 4187
 
There is alot of risk in the world and, as someone lucky enough to get in ICGE @ 14, I was more than happy to take my profits on the way up and close my position at a pre split $210. I have been waiting since the split and have not pulled the trigger. I agree there seems to be huge support at the 108 level, I just believe there are other places for my funds at the higher levels.

I note that CMGI has a new B2B fund and everyone else seems to be piling into this area. Combined with the end of the lockup, AG's announcement at the FOMC, The Barron's article,and my general unease at this point in time I am holding onto cash until blood runs in the street.

I have added to CMGI stake at these levels and will eyeball, and possibly pull the trigger, on a few others depending on AG's .25 or .5 decision.

This company has alot going for it, but one missed quarter and there would be a major Bail. JMHO Left alot of money on the table and first to admit ICGE never looked back to the split adjusted $105 cashed out. I note that I do not trade so I would agree $108 would be a great spot to get in for traders.

If the Titans win today (my prediction!) I will use this as full justification of my position in ICGE. If they lose, will happily turn back to my "magic 8 ball" for future confirmation of my investing wisdom.

Best of luck to all,

JARHEAD



To: saket chadda who wrote (1191)1/30/2000 4:06:00 PM
From: bubbarayjr  Read Replies (1) | Respond to of 4187
 
I would not bet on the Fed raising rates by only 0.25%. GDP over 5%, wage pressure, rising oil prices, and an election in the fall are reasons enough to throw cold water on the economy. That's why I believe we will see a 0.5% increase.