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Technology Stocks : Safeguard Scientifics SFE
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To: still learning who wrote (4203)7/6/2000 1:22:58 AM
From: michael r potter  Read Replies (2) of 4467
 
SL and other friends from this board. After a slight prompting via private email, I'm just checking in to say hello and hope all are doing well.
Not doing any in depth analysis of SFE right now. Still have only replaced 100 shares of that sold before the swan dive. Have enough shares left to take the attitude: I am not ready to replace those earlier sales yet unless it gets cheaper. If that doesn't happen, will ride the current position up. I've just mentally tossed SFE into the doldrums pile until proven otherwise. This is one of those semi-regular periods when SFE [the stock] does little but the company Safeguard is behind the scenes quietly building up their arsenal for the next bull market. Kind of like a garden. Plant, nurture, harvest. They are certainly getting deals done at much better prices now after the "correction". They did raise a fair amount of cash before the decline. No telling when this will end but it will be interesting to see if the past couple years pattern holds. That being a significant bottom in Sept-Oct. For long term holders this is just business as usual and SFE will eventually emerge and go on to new record highs. It is still one of the best long term companies for shareholders out there even if the price is less than most would like currently. [Keep in mind it's still at over $100 pre-split and I remember not so long ago when it hit $100 the first time [PRE-split] on its way to nearly $300] and that was almost euphoric, and it's split adjusted low less than two years ago was around $6 or $7]. The market just got a bit carried away early this spring-OK, more than a bit! At times it just requires patience, like now. I'll be back more when it looks like there is something more significant to say. Good luck to all, Mike
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