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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (4168)4/14/2000 7:57:00 PM
From: LarryCPA  Read Replies (2) of 4467
 
Mike, Agreed, no where else in the world could a Ralph Acampora keep his job, after being wrong so often. I have held SFE since before any of the analyst were even on the street (1981). My whole style is to beat the analysts by a few years. What the analyst are good for is bringing in the new money which helps drive up the price. it is extremely discouraging to realize how much I lost, especially since I was so close to my price to lighten up. I am not a market timer, if I need to wait another 5 years to see 90 again, I'll wait. The most disturbing thing to me about SFE recently is the split will dilute the amount of shares that I can get in the new DSP. Maybe the IPO market will get so bad that they will go back to the old system of rights offerings. 15K shares to get me 250 OPUS, who will buy for the DSP? Who could afford to?

In 1993 I gave 1/2 of my portfolio to a professional MM. In 7 years he has gone up 115%. After my 40% correction in the last 10 days my return is still 2000% B&H is still the only way for me.

When SFE becomes a good buy they buy back the stock on the open market. Watch for it.
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