Safeguard Scientifics SFE Message Board

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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (3010)	6/2/1999 3:30:00 PM
From: Michael Young	Read Replies (1) of 4467

I covered at 66 1/2 for a nice gain from my entry at 74 last week. Just thought the nets were due for a rally and I could put on another short at a higher level. The nets feel much different this time. I see a lot of posts from people either upside down or seeing longtime profits evaporate. They are hoping and praying for a big bounce to get them out. Still others are hoping to ride the nets to the moon again. I don't think the market will be as acommodating this time. Many of these charts have finally broken down, the market's taste for speculation is diminished, and their is just a huge gusher of supply overwhelming demand in the sector. I'm looking for a failed rebound, follow by brutal panic selling. We will be near a bottom when we hear of a bunch of net IPOs being "postponed." Just my opinion, love your posts. MIKE

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