Safeguard Scientifics SFE Message Board

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Technology Stocks : Safeguard Scientifics SFE

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To: still learning who wrote (749)	8/20/1997 9:34:00 PM
From: William R. Polk	of 4467

FWIW, here is my take on the "stock action" of the last few days. As you all know, SFE has been in a downtrend and flirted with 26 a couple of times. I saw $26 as an important support level and when it broke through on the downside, I was a little concerned. I thought that the next support might come at $24.75ish which was the low on 5/30/97 when SFE had a significant intra-day reversal on large volume (259,500 shares) and closed at the high for the day, $27.00. Sure enough, the stock continued down and when it hit 25 it rebounded like it was on a rubber band. Hope some of you were lucky enough to grab it at $25; I was not :-(

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