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


To: KevRupert who wrote (1239)2/3/2000 10:51:00 PM
From: Lao Ou  Read Replies (1) | Respond to of 4187
 
You will never see this one in 60-90 range

See this article from Cramer:.

Feel His Pain
By James J. Cramer

2/3/00 9:06 PM ET
URL: etrade.thestreet.com

You never know when things are going to bottom. In the last few weeks I have written that we bought more Yahoo! (YHOO:Nasdaq) and Internet Capital Group (ICGE:Nasdaq) after some painful downturns. (We had held on throughout the ups and downs.)

Almost immediately I heard the e-catcalls. "There can be no bottom in Yahoo!," the wiseguys told me. And ICGE? Well, a lockup expiration there would play havoc with it for months.

Both stocks promptly bottomed.

Do you know when I bought more stock in both of these long-term winners? At the moment when I wanted to puke them up. The pain was so visceral that I could not imagine one more point down without the relief of making a sale.

That's when I pounced.

What was evident from your emails is that there are few people out there who are tolerant of pain. I did not receive a single email from someone who agreed with me. (Just like yesterday when everyone told me Sapient (SAPE:Nasdaq) was headed much lower; I bet that bottomed today, too.)

Bottoms get formed in extreme pessimism. Never forget that. If you are at a point of maximum pain, try buying instead of selling. I bet it produces better results.

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