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Technology Stocks : Safeguard Scientifics SFE

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To: Ann Corrigan who wrote (4144)4/4/2000 1:52:00 PM
From: michael r potter  Read Replies (2) of 4467
 
Started buying SFE near lows. Currently SFE $50. Just a start of phase in buying-left plenty of room. Not fundamentally cheap [still $150 pre-split with a decimated ICGE], but looks like good short term support should be near todays lows in mid-$40s. Just a judgement call that enough is enough short term. Who knows, a lot of emotions, new investors panicking that have never seen real downside, and what must be living hell of margin acct. pressure. Early to judge full impact, but the new issue market is obviously in trouble which could have implications for SFEs future plans and offerings. Some opportunities starting to emerge-but still dangerous. Mike
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