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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (3016)	6/3/1999 4:17:00 PM
From: Michael Young	of 4467

<< Maybe this weeks poor action is already discounting a rate hike, and possibly there will be a rally subsequent to the Federal Reserves action/inaction, >> I believe the bond market has already factored in a hike, and will be displeased if the Fed doesn't act vigilant. My guess is that a .25 hike along with soothing comments from the Fed will spark a summer rally. However, I believe the nets are in for further rough times. I love the broadband and telco infrastructure plays, but the pure "dot coms" are toast, IMO. I'm already pissed I covered SFE yesterday. I just hope it can rally back to the upper 60s soon. MIKE

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