Safeguard Scientifics SFE Message Board

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Technology Stocks : Safeguard Scientifics SFE

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To: robert miller who wrote (3389)	8/25/1999 5:06:00 PM
From: michael r potter	Read Replies (1) of 4467

Robert, well it sure doesn't hurt. ICGE is the big tail. Each point move in ICGE is $.50 to SFE, while USITs point move is worth $.068 to SFE. Still, with a $6 5/8 up move in USIT, that adds 45 cents to SFE, a little less than what a $1.00 up move in ICGE provides, to put it in perspective. By the close, SFE played catch up on what it should have done yesterday considering ICGEs move yesterday. As mentioned a week or so back, the market sometimes gets inefficient with SFE, when a component moves up big, and SFE lags. The gap is usually closed within a day, providing short term opportunities. Mike

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