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Technology Stocks : Safeguard Scientifics SFE

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To: still learning who wrote (4047)3/17/2000 2:14:00 PM
From: tuck  Read Replies (1) of 4467
 
sl,

I have a silly theory about this daytrading action in this stock, but daytraders are silly people, IMO, so it seems apropos. This being an NYSE stock, daytraders find it on the NYSE where they've just started to look in earnest for the next breakout play and voila, find SFE. That and money pouring into the Big Board Index funds from overpriced Naz Index funds. Institutions that are forced to buy and chartists discovering the stock. A potent combination that may outweigh the post-split blues. Seeing tech looking relatively strong again today. Volume is still strong. I think we go a bit further before consolidating again. Some bets may be placed on Opus360 soon. Isn't the prospectus hitting the mailboxes now? This is my first strong impulse to sell, too. Experience has shown the second one is the one to heed. When I get it, I'll finally write those juicy calls. Not a very scientific indicator, though.

Cheers, Tuck
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