Safeguard Scientifics SFE Message Board

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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (3361)	8/20/1999 2:01:00 PM
From: still learning	Read Replies (1) of 4467

mike, what do you think of OAOT on a technical basis right now? I've got a sizable position and held it up and down. Am now a bit ahead but thinking of adding more. I'm not sure if SFE is buying due to value or just to kee 50%+ ownership intact. Your thoughs on short term trading prospects much appreciated. I set an earlier target of 6 for this year, but its recent failure to hold gains casts considerable doubt on that. Given that SFE was buying 100s of thousands of shares at around 3-4, I believe, made me feel there was strong underlying support. I now think they may also have been just trying to keep it from dropping. With 25mm+ shares, SFE can hardly sell unless there is a substantial sustained rise. They may simply see it as an anchor company -- one which they hold for its earnings value and as a 50%+ company forever.

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