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Technology Stocks : Safeguard Scientifics SFE
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To: michael r potter who wrote (3054)6/8/1999 3:09:00 PM
From: michael r potter  Read Replies (3) of 4467
 
Follow up... Looks like the high $71 1/4 was reached within minutes of CNBC interview. Looking at the 30 min. and 60 min. chart, those short term stochastics giving sell signals. Todays high not likely to be broken this week. We'll see. Even though a 6% rate on the long bond is in a sense built in as the market has been acutely aware of it for weeks, just the sheer value of the bond would seem to be an impediment to stock market gains. A 6% long bond is a very attractive investment in its own right. Mike
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